Average Price: Pork Shoulder Roast, Blade Boston, Bone-In (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban
APU0200704411 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.37
Year-over-Year Change
-3.18%
Date Range
1/1/1980 - 12/1/1981
Summary
This economic trend measures the average price of pork shoulder roast in the Midwest region's urban areas. It provides insight into consumer prices and food inflation for a key meat product.
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: Pork Shoulder Roast, Blade Boston, Bone-In (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban tracks the retail price of this specific pork cut. It is used by economists and policymakers to analyze trends in consumer food costs and producer price dynamics.
Methodology
The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This price index is a component of the Consumer Price Index (CPI), which is a key measure of inflation used in economic policymaking.
Key Facts
- Pork is a dietary staple in the Midwest region.
- Bone-in pork shoulder is a common and economical cut.
- Prices can fluctuate due to supply, demand, and production costs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of pork shoulder roast in urban areas of the Midwest Census Region.
Q: Why is this trend relevant for users or analysts?
A: This price index provides important insight into consumer food costs and inflation dynamics for a key meat product in the Midwest region.
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 price index is a component of the broader Consumer Price Index (CPI), which is a key measure of inflation used in economic policymaking.
Q: Are there update delays or limitations?
A: The data is published monthly with a brief delay, and may be subject to minor revisions over time.
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Citation
U.S. Federal Reserve, Average Price: Pork Shoulder Roast, Blade Boston, Bone-In (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban (APU0200704411), retrieved from FRED.