Average Price: Short Ribs, Any Primal Source, Bone-In (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban
This dataset tracks average price: short ribs, any primal source, bone-in (cost per pound/453.6 grams) in the northeast census region - urban over time.
Latest Value
2.93
Year-over-Year Change
0.00%
Date Range
11/1/1991 - 11/1/1991
Summary
This economic trend measures the average price per pound of short ribs, bone-in from any primal source, in the Northeast Census Region's urban areas. It provides insight into meat prices and consumer costs in a key U.S. region.
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: Short Ribs, Any Primal Source, Bone-In metric tracks the per-pound cost of this specific cut of beef in the Northeast region's urban markets. It is used by economists and policymakers to monitor food price trends and consumer purchasing power.
Methodology
The data is collected through surveys of retail establishments in the Northeast region.
Historical Context
This price trend is relevant for understanding regional consumer inflation and market conditions.
Key Facts
- Short ribs are a popular cut of beef.
- The Northeast region is a major U.S. consumer market.
- Bone-in short ribs typically cost more than boneless.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per pound of short ribs, bone-in from any primal source, in the Northeast Census Region's urban areas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into meat prices and consumer costs in a key U.S. region, which is useful for economists and policymakers monitoring food inflation and market conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments in the Northeast region.
Q: How is this trend used in economic policy?
A: This price trend is relevant for understanding regional consumer inflation and market conditions, which can inform economic policymaking.
Q: Are there update delays or limitations?
A: There may be some reporting delays, but the data is generally released on a regular schedule.
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Citation
U.S. Federal Reserve, Average Price: Short Ribs, Any Primal Source, Bone-In (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban (APU0100703431), retrieved from FRED.