Average Price: All Uncooked Other Beef (Excluding Veal) (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban
This dataset tracks average price: all uncooked other beef (excluding veal) (cost per pound/453.6 grams) in the northeast census region - urban over time.
Latest Value
7.75
Year-over-Year Change
14.30%
Date Range
1/1/1998 - 6/1/2025
Summary
This economic trend measures the average price per pound of all uncooked other beef (excluding veal) in the Northeast Census Region's urban areas. It provides insight into consumer beef prices and market conditions in a key U.S. 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: All Uncooked Other Beef (Excluding Veal) (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban is a key economic indicator that tracks the typical retail price of non-veal beef products purchased by urban consumers in the Northeastern United States. It is used to analyze trends in regional consumer prices and purchasing power.
Methodology
The data is collected through surveys of retailers in the Northeast Census Region.
Historical Context
This price trend is monitored by economists, policymakers, and industry analysts to assess regional market conditions and consumer inflation.
Key Facts
- The Northeast region accounts for over 20% of U.S. beef consumption.
- Beef prices can impact household budgets and overall consumer inflation.
- Prices vary based on factors like supply, demand, and production costs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per pound of all uncooked other beef products (excluding veal) purchased by urban consumers in the Northeast Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This regional beef price trend provides important insights into consumer purchasing power, market conditions, and inflationary pressures in a key U.S. market.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retailers in the Northeast Census Region by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this regional beef price trend to assess consumer inflation, household budgets, and overall economic conditions in the Northeast.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely information on regional beef price trends.
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Citation
U.S. Bureau of Labor Statistics, Average Price: All Uncooked Other Beef (Excluding Veal) (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban (APU0100FC4101), retrieved from FRED.