Average Price: Round Roast, USDA Choice, Boneless (Cost per Pound/453.6 Grams) in the South Census Region - Urban
APU0300703311 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.73
Year-over-Year Change
17.13%
Date Range
1/1/1980 - 6/1/2025
Summary
This economic trend measures the average price per pound for round roast, USDA Choice, boneless in the South Census Region's urban areas. It provides insight into consumer meat prices and can inform economic analysis and policy decisions.
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: Round Roast, USDA Choice, Boneless (Cost per Pound/453.6 Grams) in the South Census Region - Urban tracks the retail price of this specific beef cut across the southern region's urban markets. It is a key indicator of consumer meat affordability and spending patterns.
Methodology
The data is collected through surveys of retail food stores by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is widely used by economists, policymakers, and market analysts to understand consumer behavior and inflationary pressures in the meat industry.
Key Facts
- The data is reported monthly.
- Prices are collected from urban areas in the South Census Region.
- The series began in 1995.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per pound for round roast, USDA Choice, boneless in the South Census Region's urban areas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into consumer meat prices and spending patterns, which is crucial for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail food stores by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and market analysts to understand consumer behavior and inflationary pressures in the meat industry.
Q: Are there update delays or limitations?
A: The data is reported monthly, with no known significant update delays or limitations.
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Citation
U.S. Federal Reserve, Average Price: Round Roast, USDA Choice, Boneless (Cost per Pound/453.6 Grams) in the South Census Region - Urban (APU0300703311), retrieved from FRED.