Average Price: All Uncooked Beef Steaks (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban
APU0100FC3101 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.09
Year-over-Year Change
7.16%
Date Range
1/1/1998 - 6/1/2025
Summary
This economic trend measures the average price per pound of all uncooked beef steaks in the Northeast Census Region of the United States. It provides valuable insights into consumer purchasing power and regional price dynamics within the beef market.
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 Beef Steaks (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban data series tracks the average retail price of various beef steak cuts in the Northeastern U.S. urban areas. This metric is a key indicator of inflationary pressures and consumer demand within the regional beef industry.
Methodology
The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and market analysts use this trend to assess the health of the beef supply chain and gauge the impact of economic factors on consumer prices.
Key Facts
- The Northeast Census Region includes Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont.
- Beef steaks account for a significant portion of household food budgets in the Northeast.
- This data series has been tracked by the U.S. Bureau of Labor Statistics since the 1970s.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per pound of all uncooked beef steaks in the Northeastern United States urban areas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into consumer purchasing power and regional price dynamics within the beef market, which is crucial for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to assess the health of the beef supply chain and gauge the impact of economic factors on consumer prices.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of one to two months.
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Citation
U.S. Federal Reserve, Average Price: All Uncooked Beef Steaks (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban (APU0100FC3101), retrieved from FRED.