Average Price: Beef for Stew, Boneless (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban
APU0100703432 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.45
Year-over-Year Change
-0.76%
Date Range
11/1/2012 - 7/1/2013
Summary
This economic trend measures the average price per pound of boneless beef for stew in the Northeast Census Region's urban areas. It provides insight into consumer food costs and regional price variations.
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 of boneless beef for stew is a key indicator of food inflation and consumer purchasing power in the Northeast. Economists and policymakers use this data to analyze changes in household budgets and the overall cost of living.
Methodology
The data is collected through surveys of retail stores and compiled by the U.S. Bureau of Labor Statistics.
Historical Context
This price trend informs policy discussions around food security, cost-of-living adjustments, and regional economic conditions.
Key Facts
- Prices are reported per pound of boneless beef for stew.
- The Northeast region includes CT, ME, MA, NH, NJ, NY, PA, RI, and VT.
- Urban areas account for the majority of consumer spending in the region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price per pound of boneless beef for stew in the Northeast Census Region's urban areas.
Q: Why is this trend relevant for users or analysts?
A: This price data provides insight into consumer food costs and regional price variations, informing analysis of household budgets and the overall cost of living.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail stores and compiled by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This price trend informs policy discussions around food security, cost-of-living adjustments, and regional economic conditions.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely information on regional price dynamics.
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Citation
U.S. Federal Reserve, Average Price: Beef for Stew, Boneless (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban (APU0100703432), retrieved from FRED.