Average Price: Round Roast, USDA Choice, Boneless (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban
APU0200703311 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.79
Year-over-Year Change
0.54%
Date Range
1/1/1980 - 6/1/2025
Summary
This economic trend measures the average price per pound of round roast, USDA Choice, boneless in the Midwest Census Region's urban areas. It provides insights into meat prices and consumer spending.
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: Round Roast, USDA Choice, Boneless trend represents the typical cost per pound for this specific cut of beef in the Midwest region's urban markets. It is a key indicator of food and grocery prices that economists and policymakers use to assess consumer purchasing power and inflation.
Methodology
The data is collected through surveys of food retailers in the Midwest Census Region's urban areas.
Historical Context
This price trend is relevant for analyzing consumer behavior, market competitiveness, and the impact of economic conditions on household budgets.
Key Facts
- Round roast is a popular and versatile beef cut.
- The Midwest region accounts for a significant portion of U.S. beef production.
- Meat prices are a key component of the Consumer Price Index (CPI).
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price per pound of round roast, USDA Choice, boneless in the Midwest Census Region's urban areas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into meat prices and consumer spending, which are important for analyzing household budgets, market competitiveness, and the overall state of the economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of food retailers in the Midwest Census Region's urban areas.
Q: How is this trend used in economic policy?
A: This price trend is relevant for policymakers and economists to assess consumer purchasing power, inflation, and the impact of economic conditions on household budgets.
Q: Are there update delays or limitations?
A: The data is published regularly, but there may be occasional delays or limitations in coverage due to the survey-based methodology.
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Citation
U.S. Federal Reserve, Average Price: Round Roast, USDA Choice, Boneless (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban (APU0200703311), retrieved from FRED.