Average Price: Ground Beef, 100% Beef (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban
APU0200703112 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.24
Year-over-Year Change
7.52%
Date Range
1/1/1984 - 6/1/2025
Summary
This economic trend measures the average price of ground beef in the Midwest Census Region's urban areas. It provides important insights into consumer spending and inflation within the meat product 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: Ground Beef, 100% Beef (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban metric tracks the typical retail price for a pound of ground beef in urban Midwest markets. This data point is a key indicator for economists and policymakers analyzing consumer trends and food price inflation.
Methodology
The data is collected through surveys of retail stores in the Midwest region.
Historical Context
Economists and market analysts use this trend to assess consumer purchasing power and inflationary pressures within the meat products industry.
Key Facts
- Ground beef is a common household protein purchase.
- Midwest states account for a large share of U.S. beef production.
- Retail beef prices influence overall food price inflation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per pound for ground beef in urban areas of the Midwest Census Region.
Q: Why is this trend relevant for users or analysts?
A: This data point is important for understanding consumer spending patterns and inflationary pressures within the meat products market.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail stores in the Midwest region.
Q: How is this trend used in economic policy?
A: Economists and market analysts use this trend to assess consumer purchasing power and inflationary pressures within the meat products industry.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely insights into ground beef pricing.
Similar APU Trends
Average Price: Utility (Piped) Gas - 100 Therms in the Midwest Census Region - Urban
APU020072611
Average Price: Spaghetti and Macaroni (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban
APU0100701322
Average Price: Onions, Dry Yellow (Cost per Pound/453.6 Grams) in the West Census Region - Urban
APU0400712404
Ultra-Low-Sulfur No. 2 Diesel Fuel Prices: New York Harbor
DDFUELNYH
Average Price: Utility (Piped) Gas - 40 Therms in the West Census Region - Size Class B
APUB40072601
Average Price: Automotive Diesel Fuel (Cost per Gallon/3.785 Liters) in the Northeast Census Region - Size Class B/C
APUN10074717
Citation
U.S. Federal Reserve, Average Price: Ground Beef, 100% Beef (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban (APU0200703112), retrieved from FRED.