Average Price: Rib Roast, USDA Choice, Bone-In (Cost per Pound/453.6 Grams) in the South Census Region - Urban
APU0300703411 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.18
Year-over-Year Change
9.66%
Date Range
1/1/1980 - 12/1/1997
Summary
This economic trend measures the average price of rib roast, USDA Choice, bone-in per pound in the South Census Region's urban areas. It provides insights into consumer food costs and regional price differences.
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: Rib Roast, USDA Choice, Bone-In trend tracks the cost per pound of this specific beef cut in the South Census Region's urban areas. It is used by economists and policymakers to analyze regional variations in consumer food prices and the overall cost of living.
Methodology
The data is collected through surveys of food retailers in the South Census Region.
Historical Context
This trend is relevant for understanding consumer spending patterns and informing policy decisions related to food affordability.
Key Facts
- Rib roast is a premium beef cut.
- Prices can vary significantly by region.
- Data is collected monthly from food retailers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price per pound of rib roast, USDA Choice, bone-in in the South Census Region's urban areas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into regional variations in consumer food prices, which is important for understanding the cost of living and consumer spending patterns.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of food retailers in the South Census Region.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze regional differences in food affordability and inform decisions related to cost-of-living adjustments and social welfare programs.
Q: Are there update delays or limitations?
A: The data is released monthly, with a typical 1-2 month delay.
Similar APU Trends
Average Price: Potatoes, White (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban
APU0200712111
Average Price: Gasoline, Leaded Premium (Cost per Gallon/3.8 Liters) in the Northeast Census Region - Urban
APU010074713
Average Price: Tuna, Light, Chunk (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban
APU0200707111
Average Price: Onions, Dry Yellow (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban
APU0100712404
PADD I (East Coast District) Diesel Sales Price
GASDESECW
Average Price: Utility (Piped) Gas per Therm in Washington, DC-MD-VA (CBSA)
APUA31572620
Citation
U.S. Federal Reserve, Average Price: Rib Roast, USDA Choice, Bone-In (APU0300703411), retrieved from FRED.