Average Price: Chops, Boneless (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban
APU0100704212 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.12
Year-over-Year Change
-3.86%
Date Range
7/1/1995 - 6/1/2025
Summary
This economic trend measures the average price of boneless chops in the Northeast Census Region of the United States, providing insights into consumer prices and regional variations in meat costs.
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, Boneless (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban series tracks the typical price paid by urban consumers for this specific cut of pork in the Northeastern states. This metric is useful for analyzing regional food price dynamics and consumer purchasing power.
Methodology
The data is collected through the Consumer Price Index (CPI) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is relevant for policymakers, economists, and market analysts seeking to understand consumer spending patterns and inflationary pressures in the Northeast region.
Key Facts
- The Northeast region includes Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont.
- Boneless chops are a popular pork cut often used in recipes and meal preparation.
- Tracking regional variations in food prices helps identify cost-of-living differences across the United States.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price paid by urban consumers in the Northeast Census Region for boneless pork chops, providing insights into regional food price dynamics.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding consumer spending patterns, inflationary pressures, and cost-of-living differences across different regions of the United States.
Q: How is this data collected or calculated?
A: The data is collected through the Consumer Price Index (CPI) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and market analysts to monitor regional variations in consumer prices and inform decision-making related to economic policy, inflation targeting, and cost-of-living adjustments.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of 1-2 months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Average Price: Chops, Boneless (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban (APU0100704212), retrieved from FRED.