Average Price: Ground Chuck, 100% Beef (Cost per Pound/453.6 Grams) in U.S. City Average
APU0000703111 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.10
Year-over-Year Change
13.78%
Date Range
1/1/1980 - 6/1/2025
Summary
This economic trend measures the average retail price of ground chuck, a popular beef product, in the U.S. It provides insights into consumer meat prices and can inform policy decisions related to food costs and inflation.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Average Price: Ground Chuck, 100% Beef (Cost per Pound/453.6 Grams) in U.S. City Average tracks the typical price consumers pay for this common beef product across the country. It is a key indicator of trends in the meat and livestock sector, which is important for understanding household spending and overall consumer price dynamics.
Methodology
The data is collected through surveys of retail establishments and calculated as a national average price per pound.
Historical Context
This price trend is used by policymakers, economists, and market analysts to assess inflationary pressures and consumer purchasing power.
Key Facts
- Ground chuck is a common, economical beef product.
- Prices reflect both producer and consumer costs.
- Trends impact household budgets and broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of ground chuck, a popular 100% beef product, across the U.S.
Q: Why is this trend relevant for users or analysts?
A: This price trend provides insights into consumer meat costs and can inform analysis of food inflation, household spending, and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and calculated as a national average price per pound.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts use this price trend to assess inflationary pressures and consumer purchasing power.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the trend only represents average national prices, not regional variations.
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Citation
U.S. Federal Reserve, Average Price: Ground Chuck, 100% Beef (Cost per Pound/453.6 Grams) in U.S. City Average (APU0000703111), retrieved from FRED.