Average Price: Steak, Porterhouse, U.S. Choice, Bone-In (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban
APU0100703423 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.90
Year-over-Year Change
11.83%
Date Range
1/1/1980 - 7/1/1987
Summary
This economic trend tracks the average price per pound of bone-in porterhouse steak in the Northeast Census Region's urban areas. It provides insights into consumer food prices and cost-of-living dynamics.
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: Steak, Porterhouse, U.S. Choice, Bone-In (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban measures the typical retail price of a premium cut of beef in a key U.S. geographic market. This data point is used by economists and policymakers to analyze consumer spending, inflation, and regional cost-of-living trends.
Methodology
The data is collected through surveys of food retailers in the Northeast Census Region.
Historical Context
This economic indicator is relevant for assessing consumer purchasing power and food-related inflation pressures.
Key Facts
- Porterhouse steak is a premium beef cut from the short loin.
- The Northeast Census Region includes 9 states, including New York and Pennsylvania.
- Urban areas typically have higher food prices than rural areas.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the average retail price per pound of bone-in porterhouse steak in urban areas of the Northeast Census Region.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into consumer spending, regional cost-of-living, and food price inflation in a key U.S. market.
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 indicator is relevant for assessing consumer purchasing power and inflationary pressures in the food sector.
Q: Are there update delays or limitations?
A: The data is reported monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Average Price: Steak, Porterhouse, U.S. Choice, Bone-In (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban (APU0100703423), retrieved from FRED.