Average Price: All Uncooked Ground Beef (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban
APU0100FC1101 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.31
Year-over-Year Change
11.31%
Date Range
1/1/1998 - 6/1/2025
Summary
This economic trend measures the average price of all uncooked ground beef per pound in the Northeast Census Region's urban areas. It provides valuable insights into consumer price dynamics and food inflation for economists and policymakers.
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: All Uncooked Ground Beef (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban trend tracks the retail price of this key consumer product. It is a useful indicator of broader food and commodity price trends within a specific geographic region.
Methodology
The data is collected through surveys of retailers in the Northeast Census Region's urban areas.
Historical Context
This trend informs economic analysis and policymaking related to consumer spending, inflation, and cost-of-living dynamics.
Key Facts
- Ground beef is a staple food item for many U.S. households.
- Prices can fluctuate based on factors like supply, demand, and commodity costs.
- The Northeast region has a large, diverse urban population.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of all uncooked ground beef sold per pound in the urban areas of the Northeast Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into consumer price dynamics and food inflation trends within a key geographic region, which is valuable information for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers in the Northeast Census Region's urban areas.
Q: How is this trend used in economic policy?
A: This trend informs analysis and policymaking related to consumer spending, inflation, and cost-of-living dynamics at the regional level.
Q: Are there update delays or limitations?
A: The data is published regularly, but there may be some delay in reporting due to the survey-based methodology.
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Citation
U.S. Federal Reserve, Average Price: All Uncooked Ground Beef (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban (APU0100FC1101), retrieved from FRED.