Average Price: Chuck Roast, USDA Choice, Boneless (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban
APU0100703213 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.59
Year-over-Year Change
1.58%
Date Range
1/1/1989 - 4/1/2024
Summary
This economic trend measures the average price of chuck roast, a popular beef cut, in the Northeast Census Region of the United States. It provides insight into consumer meat prices and inflation.
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: Chuck Roast, USDA Choice, Boneless trend tracks the cost per pound/453.6 grams of this specific beef product in urban areas of the Northeast. It is an important indicator for understanding consumer spending patterns and the state of the regional meat market.
Methodology
The data is collected through surveys of food retailers in the Northeast Census Region.
Historical Context
This trend is closely monitored by policymakers, economists, and industry analysts to assess consumer price dynamics and inflationary pressures.
Key Facts
- Chuck roast is a common, affordable beef cut used in many American households.
- The Northeast Census Region covers 9 states, including New York and Pennsylvania.
- Tracking regional meat prices helps assess geographic differences in consumer spending.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price per pound/453.6 grams of chuck roast, a popular beef cut, in 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 important insights into consumer meat prices and regional inflation patterns, which are closely monitored by policymakers, economists, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of food retailers in the Northeast Census Region.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and analysts to assess consumer price dynamics and inflationary pressures in the regional meat market.
Q: Are there update delays or limitations?
A: The data is published regularly with minimal delays, providing timely insights into Northeast regional meat prices.
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Citation
U.S. Federal Reserve, Average Price: Chuck Roast, USDA Choice, Boneless (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban (APU0100703213), retrieved from FRED.