Average Price: Beef for Stew, Boneless (Cost per Pound/453.6 Grams) in U.S. City Average
APU0000703432 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.02
Year-over-Year Change
10.73%
Date Range
1/1/1991 - 6/1/2025
Summary
This economic trend tracks the average price per pound of boneless beef for stew in the U.S. city average. It provides insight into consumer beef prices and market conditions.
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: Beef for Stew, Boneless metric measures the typical cost per pound of this specific beef cut across major U.S. urban areas. It is a key indicator of consumer beef prices and affordability.
Methodology
The data is collected through surveys of retail establishments and calculated as a national average price.
Historical Context
This price trend is closely monitored by economists, policymakers, and market analysts to assess consumer demand and inflation pressures.
Key Facts
- Beef is a major component of the Consumer Price Index (CPI).
- Stew beef is a common household purchase for American consumers.
- Prices can fluctuate based on cattle supply, feed costs, and trade policies.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the average retail price per pound of boneless beef cuts intended for stewing across major U.S. urban areas.
Q: Why is this trend relevant for users or analysts?
A: Beef prices are a key indicator of consumer inflation and household purchasing power. This metric provides timely data on a common household meat item.
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: Beef and other food prices are closely monitored by the Federal Reserve, policymakers, and market analysts to assess inflationary pressures and consumer demand.
Q: Are there update delays or limitations?
A: The data is released monthly with a lag of several weeks. Prices may vary based on regional market conditions and supplier availability.
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Citation
U.S. Federal Reserve, Average Price: Beef for Stew, Boneless (APU0000703432), retrieved from FRED.