Average Price: Beef Liver (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban
APU0200705141 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.04
Year-over-Year Change
2.07%
Date Range
1/1/1980 - 7/1/1990
Summary
This economic trend measures the average price of beef liver per pound in the Midwest Census Region's urban areas. It provides valuable insights into consumer prices and food inflation 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: Beef Liver (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban tracks the retail price of this essential protein source. This data is used by economists and policymakers to monitor consumer price trends and inform decisions related to food security and cost-of-living adjustments.
Methodology
The data is collected through surveys of retail establishments in the Midwest Census Region's urban areas.
Historical Context
This price trend is closely watched by analysts to gauge inflationary pressures and consumer purchasing power.
Key Facts
- Beef liver is a nutrient-dense organ meat.
- The Midwest region encompasses 12 states in the central U.S.
- Urban areas typically have higher food prices than rural areas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of beef liver per pound in the urban areas of the Midwest Census Region.
Q: Why is this trend relevant for users or analysts?
A: This price data is important for monitoring consumer inflation, food costs, and purchasing power trends in the Midwest.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments in the Midwest Census Region's urban areas.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to assess inflationary pressures and inform decisions related to cost-of-living adjustments and food security.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the survey-based methodology may not capture all price variations.
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Citation
U.S. Federal Reserve, Average Price: Beef Liver (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban (APU0200705141), retrieved from FRED.