Average Price: All Uncooked Other Beef (Excluding Veal) (Cost per Pound/453.6 Grams) in U.S. City Average
This dataset tracks average price: all uncooked other beef (excluding veal) (cost per pound/453.6 grams) in u.s. city average over time.
Latest Value
7.47
Year-over-Year Change
2.58%
Date Range
1/1/1998 - 6/1/2025
Summary
This economic trend measures the average price per pound of all uncooked other beef (excluding veal) in the U.S. city average. It provides important insights into consumer meat prices and broader food inflation trends.
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: All Uncooked Other Beef (Excluding Veal) metric tracks the retail cost per pound of beef products in the U.S. It is a key indicator of consumer purchasing power and food affordability, with relevance for both policymakers and market analysts.
Methodology
The data is collected through surveys of retail stores and calculated as a national average price per pound.
Historical Context
This trend is closely monitored by the Federal Reserve and other agencies to assess inflationary pressures and consumer spending patterns.
Key Facts
- Beef is a major component of the Consumer Price Index (CPI).
- Prices peaked in 2015 due to drought-related supply shortages.
- Prices have fallen in recent years amid increased production.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per pound of all uncooked other beef products (excluding veal) in the U.S. city average.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into consumer purchasing power, food affordability, and broader inflationary pressures in the economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail stores and calculated as a national average price per pound.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the Federal Reserve and other agencies to assess inflationary pressures and consumer spending patterns.
Q: Are there update delays or limitations?
A: The data is published monthly with no significant delays, providing timely insights into changing beef prices.
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Citation
U.S. Federal Reserve, Average Price: All Uncooked Other Beef (Excluding Veal) (Cost per Pound/453.6 Grams) in U.S. City Average (APU0000FC4101), retrieved from FRED.