Average Price: Beef Liver (Cost per Pound/453.6 Grams) in U.S. City Average
This dataset tracks average price: beef liver (cost per pound/453.6 grams) in u.s. city average over time.
Latest Value
0.99
Year-over-Year Change
-5.73%
Date Range
1/1/1980 - 10/1/1988
Summary
This economic trend measures the average retail price of beef liver in U.S. cities. It is an important indicator of consumer food prices and can inform policy decisions related to agricultural and livestock markets.
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: Beef Liver (Cost per Pound/453.6 Grams) in U.S. City Average tracks the typical price consumers pay for this common organ meat across major metropolitan areas. It provides insights into the affordability and availability of this nutritious food product.
Methodology
The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and market analysts monitor this trend to understand consumer purchasing patterns and the state of the beef supply chain.
Key Facts
- Beef liver is a nutrient-dense organ meat.
- Prices can fluctuate based on livestock production and consumer demand.
- The data is published monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of beef liver sold in U.S. cities, providing insights into consumer food costs and the state of the beef supply chain.
Q: Why is this trend relevant for users or analysts?
A: The beef liver price trend is an important indicator of consumer food affordability and can inform policy decisions related to agricultural markets and the livestock industry.
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 and market analysts monitor this trend to understand consumer purchasing patterns and the overall state of the beef supply chain, which can inform agricultural and food policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Bureau of Labor Statistics, with a typical 1-2 month delay between the reference period and publication.
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Citation
U.S. Federal Reserve, Average Price: Beef Liver (Cost per Pound/453.6 Grams) in U.S. City Average (APU0000705141), retrieved from FRED.