Average Price: Steak, Round, USDA Choice, Boneless (Cost per Pound/453.6 Grams) in the South Census Region - Urban
This dataset tracks average price: steak, round, usda choice, boneless (cost per pound/453.6 grams) in the south census region - urban over time.
Latest Value
8.58
Year-over-Year Change
14.38%
Date Range
1/1/1980 - 6/1/2025
Summary
This economic trend measures the average price of steak, round, USDA Choice, boneless per pound in the South Census Region's urban areas. It provides insights into consumer spending and regional price variations for this common meat product.
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, Round, USDA Choice, Boneless data series tracks the per-pound cost of this specific cut of beef in the South Census Region's urban markets. It is a key indicator of food price trends and consumer purchasing power in a major U.S. geographic region.
Methodology
The data is collected through surveys of food retailers in the South Census Region's urban areas.
Historical Context
This trend is used by economists, policymakers, and market analysts to monitor regional variations in meat prices and consumer behavior.
Key Facts
- Prices are reported in cost per pound/453.6 grams.
- The South Census Region includes 16 states and Washington D.C.
- USDA Choice is a quality grade for beef.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of steak, round, USDA Choice, boneless 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 variations in consumer meat prices, which is useful for analyzing purchasing power, inflation, and spending patterns.
Q: How is this data collected or calculated?
A: The data is collected through surveys of food retailers in the South Census Region's urban areas.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and market analysts to monitor regional food price dynamics and consumer behavior.
Q: Are there update delays or limitations?
A: There may be delays in data reporting, and the trend only covers urban areas in the South Census Region.
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Citation
U.S. Federal Reserve, Average Price: Steak, Round, USDA Choice, Boneless (Cost per Pound/453.6 Grams) in the South Census Region - Urban (APU0300703511), retrieved from FRED.