Average Price: Beef Liver (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban
APU0100705141 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.98
Year-over-Year Change
-4.76%
Date Range
1/1/1980 - 12/1/1986
Summary
This trend measures the average price of beef liver per pound in the Northeast Census Region's urban areas. It provides insights into consumer price dynamics and regional food cost 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: Beef Liver (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban series tracks the retail price of this common household meat item across the Northeastern United States. It is a key indicator of food inflation and purchasing power for consumers in the region.
Methodology
The data is collected through surveys of food retailers and aggregated by the U.S. Bureau of Labor Statistics.
Historical Context
This price trend is closely monitored by economists, policymakers, and market analysts to understand regional consumer behavior and the impact of economic conditions on household budgets.
Key Facts
- Beef liver is a nutrient-dense organ meat.
- The Northeast Census Region includes 9 states and Washington D.C.
- Prices can vary significantly by geographic region and urban/rural location.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of beef liver per pound in the urban areas of the Northeastern United States.
Q: Why is this trend relevant for users or analysts?
A: This price trend provides important insights into regional food cost dynamics and consumer purchasing power in the Northeast.
Q: How is this data collected or calculated?
A: The data is collected through surveys of food retailers and aggregated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this trend to understand regional consumer behavior and the impact of economic conditions on household budgets.
Q: Are there update delays or limitations?
A: The data is published monthly with a brief delay, and may not capture all local market variations.
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Citation
U.S. Federal Reserve, Average Price: Beef Liver (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban (APU0100705141), retrieved from FRED.