Average Price: Chops, Center Cut, Bone-In (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban
This dataset tracks average price: chops, center cut, bone-in (cost per pound/453.6 grams) in the northeast census region - urban over time.
Latest Value
4.07
Year-over-Year Change
-0.22%
Date Range
1/1/1980 - 9/1/2016
Summary
This economic trend measures the average price of chops, center cut, bone-in (per pound/453.6 grams) in the Northeast Census Region for urban consumers. It provides insight into a key component of food costs for households in this 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: Chops, Center Cut, Bone-In (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban is a key indicator tracked by economists and policymakers to understand regional variations in consumer meat prices. It offers granular data on a common household protein item.
Methodology
The data is collected through surveys of retailers in the Northeast Census Region.
Historical Context
This trend is used to inform economic policy decisions and consumer market analysis.
Key Facts
- Prices are reported in U.S. dollars per pound/453.6 grams.
- Data is collected monthly for the Northeast Census Region.
- This is a key indicator of household meat expenditures.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of chops, center cut, bone-in (per pound/453.6 grams) for urban consumers in 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 regional variations in a key household protein item, helping economists and policymakers understand consumer food costs and inflation pressures.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers in the Northeast Census Region.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to monitor consumer meat prices and inform decisions related to economic policy and market analysis.
Q: Are there update delays or limitations?
A: The data is reported monthly, with a typical 1-2 month delay before publication.
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Citation
U.S. Federal Reserve, Average Price: Chops, Center Cut, Bone-In (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban (APU0100704211), retrieved from FRED.