Average Price: Steak, Round, USDA Choice, Boneless (Cost per Pound/453.6 Grams) in U.S. City Average
APU0000703511 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.46
Year-over-Year Change
6.69%
Date Range
1/1/1980 - 6/1/2025
Summary
This economic trend measures the average price of steak, round, USDA Choice, boneless in the U.S. city average. It provides valuable insights into consumer spending patterns and inflationary pressures in the meat market.
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 of steak, round, USDA Choice, boneless is an important indicator of consumer prices and the overall cost of living. It helps economists and policymakers understand trends in household expenditures and the dynamics of the beef industry.
Methodology
The data is collected through surveys of retail establishments and calculated as the average price per pound.
Historical Context
This trend is closely monitored by government agencies, industry analysts, and consumers to assess market conditions and inflationary trends.
Key Facts
- The average price of steak, round, USDA Choice, boneless was $7.51 per pound in January 2023.
- Steak prices have increased by 15% over the past year, outpacing overall inflation.
- The beef industry accounts for over $100 billion in annual U.S. economic activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of steak, round, USDA Choice, boneless in the U.S. city average. It provides insights into consumer spending and inflationary pressures in the beef market.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding household expenditures, the dynamics of the beef industry, and broader inflationary pressures in the economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and calculated as the average price per pound.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by government agencies, industry analysts, and consumers to assess market conditions and inform economic policymaking.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 1-2 months. There may be some regional variations not captured in the national average.
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Citation
U.S. Federal Reserve, Average Price: Steak, Round, USDA Choice, Boneless (Cost per Pound/453.6 Grams) in U.S. City Average (APU0000703511), retrieved from FRED.