Average Price: Chuck Roast, Graded and Ungraded, Excluding USDA Prime and Choice (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban
APU0200703212 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.70
Year-over-Year Change
95.63%
Date Range
12/1/1991 - 10/1/2012
Summary
This economic trend measures the average price of chuck roast, a popular beef cut, in the Midwest Census Region's urban areas. It provides insights into consumer meat prices and regional market dynamics.
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: Chuck Roast, Graded and Ungraded, Excluding USDA Prime and Choice trend tracks the cost per pound of this specific beef product across Midwest urban markets. It is a key indicator for understanding consumer-level meat pricing and regional price variations.
Methodology
The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely used by economists, policymakers, and market analysts to monitor food price inflation and consumer purchasing power.
Key Facts
- The Midwest Census Region covers 12 states in the central U.S.
- Chuck roast is a common, moderately-priced beef cut used in many recipes.
- Beef prices can vary significantly by region and grade quality.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of chuck roast, a popular beef cut, in the Midwest Census Region's urban areas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer-level meat pricing and regional market dynamics, which are important for understanding food price inflation and consumer purchasing power.
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: This trend is widely used by economists, policymakers, and market analysts to monitor food price inflation and consumer purchasing power.
Q: Are there update delays or limitations?
A: The data is published monthly with typical lags, and it may not capture all price variations for this specific beef product.
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Citation
U.S. Federal Reserve, Average Price: Chuck Roast, Graded and Ungraded, Excluding USDA Prime and Choice (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban (APU0200703212), retrieved from FRED.