Average Price: Pork Sirloin Roast, Bone-In (Cost per Pound/453.6 Grams) in U.S. City Average
APU0000704412 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.02
Year-over-Year Change
6.64%
Date Range
1/1/1980 - 7/1/1987
Summary
This economic trend measures the average price per pound of pork sirloin roast, bone-in, in the U.S. city average. It provides insight into consumer prices and the overall cost of living.
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 pork sirloin roast, bone-in, price trend is a key metric for tracking food costs and consumer inflation. It is used by economists and policymakers to assess changes in the prices paid by households for this common protein source.
Methodology
The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is utilized by the Federal Reserve and other institutions to monitor price stability and the purchasing power of consumers.
Key Facts
- Pork is a major protein source for American households.
- Prices for pork roast can indicate broader food inflation trends.
- This metric is seasonally adjusted to account for cyclical variations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price per pound of pork sirloin roast, bone-in, across the U.S. city average.
Q: Why is this trend relevant for users or analysts?
A: The pork sirloin roast price is a key indicator of consumer food costs and broader inflationary pressures.
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: The Federal Reserve and other institutions utilize this trend to monitor price stability and the purchasing power of consumers.
Q: Are there update delays or limitations?
A: The data is updated monthly and is subject to seasonal adjustments.
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Citation
U.S. Federal Reserve, Average Price: Pork Sirloin Roast, Bone-In (Cost per Pound/453.6 Grams) in U.S. City Average (APU0000704412), retrieved from FRED.