Average Price: Pork Shoulder Roast, Blade Boston, Bone-In (Cost per Pound/453.6 Grams) in U.S. City Average
APU0000704411 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.41
Year-over-Year Change
-2.09%
Date Range
1/1/1980 - 12/1/1981
Summary
This economic trend measures the average price of pork shoulder roast, a common meat product, in the U.S. city average. It provides insight into consumer prices and meat market dynamics.
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: Pork Shoulder Roast, Blade Boston, Bone-In trend tracks the cost per pound of this specific pork cut across U.S. urban areas. It is a key indicator for monitoring meat affordability and consumer purchasing power.
Methodology
The data is collected through surveys of retail stores and compiled by the U.S. Bureau of Labor Statistics.
Historical Context
This price trend is used by policymakers, economists, and market analysts to assess inflationary pressures and consumer behavior.
Key Facts
- Pork shoulder roast is a common, versatile meat cut.
- Prices are tracked across U.S. urban areas.
- Data is collected monthly by the Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price per pound of pork shoulder roast, a common meat product, across U.S. urban areas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into consumer prices and affordability of a key meat product, which is useful for assessing inflation, consumer behavior, and meat market dynamics.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail stores and compiled by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This price trend is used by policymakers, economists, and market analysts to assess inflationary pressures and consumer purchasing power.
Q: Are there update delays or limitations?
A: The data is reported monthly with minimal delays, providing timely insight into pork shoulder roast prices.
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Citation
U.S. Bureau of Labor Statistics, Average Price: Pork Shoulder Roast, Blade Boston, Bone-In (Cost per Pound/453.6 Grams) in U.S. City Average (APU0000704411), retrieved from FRED.