Average Price: Steak, T-Bone, USDA Choice, Bone-In (Cost per Pound/453.6 Grams) in the South Census Region - Urban
This dataset tracks average price: steak, t-bone, usda choice, bone-in (cost per pound/453.6 grams) in the south census region - urban over time.
Latest Value
6.15
Year-over-Year Change
5.69%
Date Range
1/1/1980 - 1/1/1998
Summary
This economic trend measures the average price of T-bone steak, a popular cut of beef, in the South Census Region of the United States. It provides valuable insights into consumer pricing and regional food costs.
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: Steak, T-Bone, USDA Choice, Bone-In (Cost per Pound/453.6 Grams) in the South Census Region - Urban trend tracks the average price of this specific beef product for urban consumers in the southern U.S. region. It is an important indicator of regional food inflation and consumer purchasing power.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Price Index (CPI) program.
Historical Context
This trend is widely used by economists, policymakers, and market analysts to monitor regional consumer price dynamics.
Key Facts
- The data is reported in U.S. dollars per pound.
- The South Census Region includes Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia.
- T-bone steak is a premium beef cut that includes a portion of the tenderloin and strip loin.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of T-bone steak, a popular cut of beef, for urban consumers in the South Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into regional consumer food pricing and inflation, which is crucial for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Consumer Price Index (CPI) program.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and market analysts to monitor regional consumer price dynamics and inform economic decision-making.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and methodological limitations of the U.S. Bureau of Labor Statistics' Consumer Price Index program.
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Citation
U.S. Federal Reserve, Average Price: Steak, T-Bone, USDA Choice, Bone-In (Cost per Pound/453.6 Grams) in the South Census Region - Urban (APU0300703422), retrieved from FRED.