Average Price: Chops, Boneless (Cost per Pound/453.6 Grams) in U.S. City Average
APU0000704212 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.62
Year-over-Year Change
0.63%
Date Range
7/1/1995 - 6/1/2025
Summary
This trend measures the average price per pound of boneless chops in the U.S. city average. It provides insight into the cost of a key consumer meat product and changes in food prices.
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: Chops, Boneless (Cost per Pound/453.6 Grams) in U.S. City Average tracks the retail price of this common pork cut across major U.S. urban areas. It is a key indicator of consumer meat costs and broader food inflation.
Methodology
The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by policymakers, analysts, and consumers to understand changes in food costs and their impact on household budgets.
Key Facts
- Pork chops are a common household protein.
- Boneless chops allow for easier preparation.
- Prices reflect changing supply, demand, and production costs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per pound of boneless pork chops across major U.S. urban areas.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into changes in consumer meat costs and broader food inflation, which are important for household budgets and economic policy.
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: Policymakers, analysts, and consumers closely monitor this trend to understand shifts in food costs and their impact on household finances.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely information on changing meat prices.
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Citation
U.S. Federal Reserve, Average Price: Chops, Boneless (Cost per Pound/453.6 Grams) in U.S. City Average (APU0000704212), retrieved from FRED.