Average Price: Chuck Roast, USDA Choice, Bone-In (Cost per Pound/453.6 Grams) in the South Census Region - Urban
APU0300703211 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.21
Year-over-Year Change
2.69%
Date Range
1/1/1980 - 4/1/1996
Summary
This economic trend tracks the average price of chuck roast, a popular beef cut, in the South Census Region's urban areas. It provides insights into meat costs for consumers and producers.
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: Chuck Roast, USDA Choice, Bone-In trend represents the typical retail price per pound for this specific beef cut in the South region's urban markets. It is an important indicator for understanding food inflation and consumer purchasing power.
Methodology
The data is collected through surveys of retail establishments and calculated as a regional average price.
Historical Context
This metric is used by policymakers, economists, and market analysts to monitor changes in food costs and assess their impact on household budgets and inflation.
Key Facts
- The South Census Region covers 16 states.
- Chuck roast is a common and affordable beef cut.
- Prices are reported in cost per pound/453.6 grams.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of chuck roast, a popular bone-in beef cut, in the urban areas of the South Census Region.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into food inflation and consumer purchasing power for a commonly purchased beef product in a key regional market.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and calculated as a regional average price.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts use this metric to monitor changes in food costs and assess their impact on household budgets and inflation.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 1-2 month lag, and it represents the urban South region only.
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Citation
U.S. Federal Reserve, Average Price: Chuck Roast, USDA Choice, Bone-In (Cost per Pound/453.6 Grams) in the South Census Region - Urban (APU0300703211), retrieved from FRED.