Average Price: Chuck Roast, USDA Choice, Bone-In (Cost per Pound/453.6 Grams) in U.S. City Average
APU0000703211 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.02
Year-over-Year Change
-0.78%
Date Range
1/1/1980 - 8/1/1996
Summary
This economic trend measures the average retail price of chuck roast, a popular cut of beef, in the U.S. city average. It provides insight into consumer food prices 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: Chuck Roast, USDA Choice, Bone-In trend tracks the cost per pound of this common beef item across major U.S. urban areas. It is a key indicator for monitoring food costs and consumer purchasing power.
Methodology
The data is collected through surveys of retail stores by the U.S. Bureau of Labor Statistics.
Historical Context
This price index is used by policymakers, economists, and market analysts to assess household spending and inflationary pressures.
Key Facts
- Chuck roast is a popular, economical cut of beef.
- Prices are tracked across major U.S. urban areas.
- Data is collected monthly by the Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of chuck roast, a common cut of beef, across major U.S. cities.
Q: Why is this trend relevant for users or analysts?
A: This price index provides insight into consumer food costs and inflationary pressures, which are key factors for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail stores by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This price index is used by policymakers, economists, and market analysts to assess household spending patterns and inflationary trends in the broader economy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a brief delay, providing timely information on this key consumer price metric.
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Citation
U.S. Federal Reserve, Average Price: Chuck Roast, USDA Choice, Bone-In (Cost per Pound/453.6 Grams) in U.S. City Average (APU0000703211), retrieved from FRED.