Average Price: Round Roast, USDA Choice, Boneless (Cost per Pound/453.6 Grams) in U.S. City Average
APU0000703311 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.76
Year-over-Year Change
12.84%
Date Range
1/1/1980 - 6/1/2025
Summary
This trend measures the average price per pound of round roast, USDA Choice, boneless in the U.S. city average. It provides insight into consumer meat prices and can inform economic analysis of food costs and consumer spending.
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: Round Roast, USDA Choice, Boneless (Cost per Pound/453.6 Grams) in U.S. City Average tracks the retail price of this specific cut of beef. It is a key economic indicator used to monitor changes in food and consumer prices over time.
Methodology
The data is collected through a monthly survey of retail stores by the U.S. Bureau of Labor Statistics.
Historical Context
This price trend is utilized by policymakers, economists, and market analysts to understand broader consumer price dynamics and purchasing power.
Key Facts
- The average price for round roast was $5.99 per pound in January 2023.
- Prices have increased by 8.3% over the past year.
- Beef accounts for a significant portion of the average household's food budget.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per pound of round roast, USDA Choice, boneless in the U.S. city average.
Q: Why is this trend relevant for users or analysts?
A: This price trend provides valuable insight into consumer spending on a key food item and can inform analysis of broader inflation and cost-of-living dynamics.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of retail stores by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts use this price trend to understand consumer behavior and broader inflationary pressures.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a short lag, providing timely insight into price changes.
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Citation
U.S. Federal Reserve, Average Price: Round Roast, USDA Choice, Boneless (Cost per Pound/453.6 Grams) in U.S. City Average (APU0000703311), retrieved from FRED.