Average Price: Ground Chuck, 100% Beef (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban
APU0100703111 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.85
Year-over-Year Change
-7.59%
Date Range
1/1/1980 - 10/1/2016
Summary
This economic trend measures the average price of ground chuck, 100% beef per pound in the Northeast Census Region of the United States. It provides valuable insights into consumer prices and regional 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: Ground Chuck, 100% Beef (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban series tracks the typical retail price of this common meat product across urban areas in the Northeast. It is an important indicator of consumer purchasing power and regional cost-of-living dynamics.
Methodology
The data is collected through survey sampling of retail establishments in the Northeast Census Region.
Historical Context
This trend is closely monitored by policymakers, economists, and market analysts to assess regional economic conditions and consumer behavior.
Key Facts
- Ground chuck is a common, economical beef cut.
- The Northeast region accounts for a significant share of the U.S. population.
- Prices can vary substantially across different regions of the country.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of ground chuck, 100% beef per pound in the urban areas of the Northeast Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into consumer purchasing power, regional inflation, and cost-of-living dynamics in the Northeast, which is an important economic center in the U.S.
Q: How is this data collected or calculated?
A: The data is collected through survey sampling of retail establishments in the Northeast Census Region.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, economists, and market analysts to assess regional economic conditions and consumer behavior.
Q: Are there update delays or limitations?
A: The data is subject to the typical publication schedule and may have a short delay before being made publicly available.
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Citation
U.S. Federal Reserve, Average Price: Ground Chuck, 100% Beef (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban (APU0100703111), retrieved from FRED.