Average Price: Ground Chuck, 100% Beef (Cost per Pound/453.6 Grams) in the South Census Region - Urban
APU0300703111 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.27
Year-over-Year Change
15.78%
Date Range
1/1/1980 - 6/1/2025
Summary
This economic trend measures the average price of ground chuck, a 100% beef product, per pound in the South Census Region's urban areas. It provides insights into consumer prices and regional cost-of-living 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: Ground Chuck, 100% Beef (Cost per Pound/453.6 Grams) in the South Census Region - Urban trend tracks the retail price of this common meat product. It is used by economists and policymakers to analyze regional consumer price trends and inflation patterns.
Methodology
The data is collected through surveys of retail establishments in the South Census Region's urban areas.
Historical Context
This price trend is relevant for understanding consumer purchasing power and regional cost-of-living variations.
Key Facts
- Ground chuck is a common and affordable beef product.
- The South Census Region includes 16 states and the District of Columbia.
- Urban areas typically have higher consumer prices than rural areas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of ground chuck, a 100% beef product, per pound in the urban areas of the South Census Region.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into regional consumer prices and inflation patterns, which are important for understanding cost-of-living dynamics and consumer purchasing power.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments in the South Census Region's urban areas.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze regional consumer price trends and inflation, which can inform decisions related to monetary policy, taxation, and social welfare programs.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates, and there may be lags in reporting or regional sampling limitations.
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Citation
U.S. Federal Reserve, Average Price: Ground Chuck, 100% Beef (Cost per Pound/453.6 Grams) in the South Census Region - Urban (APU0300703111), retrieved from FRED.