Average Price: Chops, Boneless (Cost per Pound/453.6 Grams) in the South Census Region - Urban
This dataset tracks average price: chops, boneless (cost per pound/453.6 grams) in the south census region - urban over time.
Latest Value
4.54
Year-over-Year Change
2.25%
Date Range
7/1/1995 - 6/1/2025
Summary
This economic trend measures the average price of boneless chops in the South Census Region of the United States, providing insights into consumer prices and regional price dynamics.
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: Chops, Boneless (Cost per Pound/453.6 Grams) in the South Census Region - Urban' metric tracks the retail cost of a specific meat product in a defined geographic area. This data is used by economists and policymakers to analyze consumer spending patterns and the impact of factors like supply chain disruptions on regional food prices.
Methodology
The data is collected through surveys of urban retail establishments in the South Census Region.
Historical Context
This trend is relevant for assessing the state of regional consumer markets and informing policy decisions that impact food affordability.
Key Facts
- The South Census Region includes 16 states, from Texas to Virginia.
- Boneless chops are a common cut of pork sold in grocery stores and markets.
- Prices can vary significantly by region due to factors like transportation costs and local supply and demand.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of boneless pork chops in the South Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into regional consumer price dynamics and can inform economic analysis and policy decisions related to food affordability and consumer spending patterns.
Q: How is this data collected or calculated?
A: The data is collected through surveys of urban retail establishments in the South Census Region.
Q: How is this trend used in economic policy?
A: This trend is relevant for assessing the state of regional consumer markets and informing policy decisions that impact food affordability.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness of the underlying surveys, and may not fully capture price variations in rural or smaller urban areas.
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Citation
U.S. Federal Reserve, Average Price: Chops, Boneless (Cost per Pound/453.6 Grams) in the South Census Region - Urban (APU0300704212), retrieved from FRED.