Average Price: Steak, Sirloin, USDA Choice, Boneless (Cost per Pound/453.6 Grams) in U.S. City Average
APU0000703613 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.92
Year-over-Year Change
12.72%
Date Range
1/1/1989 - 6/1/2025
Summary
This economic trend measures the average price of steak, sirloin, USDA Choice, boneless in the U.S. city average. It provides insight into a key component of consumer 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 steak, sirloin, USDA Choice, boneless price trend represents the average retail price per pound for this meat product across major U.S. cities. It is a key indicator of consumer purchasing power and food-related inflation pressures.
Methodology
The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Economists and policymakers monitor this trend to understand household expenditures and the broader state of the economy.
Key Facts
- Prices are reported in cost per pound/453.6 grams.
- Data goes back to 1978 with monthly updates.
- Sirloin steak is a key protein for many American families.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per pound for steak, sirloin, USDA Choice, boneless in the U.S. city average.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into a key component of consumer food costs and inflation, which is crucial for understanding household expenditures and the broader state of the economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to understand household expenditures and the broader state of the economy.
Q: Are there update delays or limitations?
A: The data is updated monthly with a short delay, providing timely information on this important economic indicator.
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Citation
U.S. Federal Reserve, Average Price: Steak, Sirloin, USDA Choice, Boneless (Cost per Pound/453.6 Grams) in U.S. City Average (APU0000703613), retrieved from FRED.