Average Price: All Uncooked Ground Beef (Cost per Pound/453.6 Grams) in the South Census Region - Urban
This dataset tracks average price: all uncooked ground beef (cost per pound/453.6 grams) in the south census region - urban over time.
Latest Value
6.35
Year-over-Year Change
12.34%
Date Range
1/1/1998 - 6/1/2025
Summary
This economic trend measures the average price per pound for all uncooked ground beef in the South Census Region's urban areas. It provides important insights into consumer price dynamics and inflationary pressures within the beef market.
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: All Uncooked Ground Beef (Cost per Pound/453.6 Grams) in the South Census Region - Urban trend tracks the average retail price for this key consumer product. It is widely used by economists, policymakers, and market analysts to understand price movements and their impact on household budgets and overall inflation.
Methodology
The data is collected through the Bureau of Labor Statistics' Consumer Price Index survey of retail establishments.
Historical Context
This trend is a key input for the Federal Reserve's monetary policy decisions and is closely watched by investors and consumer advocates.
Key Facts
- Ground beef is a staple food item for many American households.
- The South Census Region accounts for over a third of the U.S. population.
- Uncooked ground beef prices can be a leading indicator of broader food inflation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per pound for all uncooked ground beef sold in urban areas of the South Census Region.
Q: Why is this trend relevant for users or analysts?
A: Ground beef prices are an important component of the Consumer Price Index and provide insights into food inflation and consumer purchasing power.
Q: How is this data collected or calculated?
A: The data is collected through the Bureau of Labor Statistics' monthly survey of retail establishments.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the Federal Reserve and policymakers as an indicator of inflationary pressures within the consumer economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a brief lag, and may not capture all regional price variations.
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Citation
U.S. Federal Reserve, Average Price: All Uncooked Ground Beef (Cost per Pound/453.6 Grams) in the South Census Region - Urban (APU0300FC1101), retrieved from FRED.