Average Price: All Uncooked Beef Roasts (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban
This dataset tracks average price: all uncooked beef roasts (cost per pound/453.6 grams) in the midwest census region - urban over time.
Latest Value
8.49
Year-over-Year Change
7.45%
Date Range
1/1/1998 - 6/1/2025
Summary
This economic trend measures the average price per pound for all uncooked beef roasts in the Midwest Census Region's urban areas. It provides valuable insights into consumer beef prices and inflation.
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: All Uncooked Beef Roasts (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban is an important economic indicator used to track changes in consumer beef prices over time. It is a key metric for analyzing food price inflation and consumer purchasing power.
Methodology
The data is collected through surveys of retail establishments in the Midwest Census Region's urban areas.
Historical Context
This trend is closely monitored by policymakers, economists, and market analysts to assess inflationary pressures and consumer behavior.
Key Facts
- Beef is a major component of the Consumer Price Index (CPI).
- The Midwest region accounts for a significant portion of U.S. beef production.
- Urban consumers typically have higher incomes and spending on beef than rural consumers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price per pound for all uncooked beef roasts in the Midwest Census Region's urban areas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into consumer beef prices and helps analysts assess inflationary pressures and consumer purchasing power.
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: This trend is closely monitored by policymakers, economists, and market analysts to assess inflationary pressures and consumer behavior.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be occasional delays or limitations in coverage due to survey responses.
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Citation
U.S. Federal Reserve, Average Price: All Uncooked Beef Roasts (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban (APU0200FC2101), retrieved from FRED.