Average Price: Steak, Sirloin, USDA Choice, Boneless (Cost per Pound/453.6 Grams) in the West Census Region - Urban
APU0400703613 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.20
Year-over-Year Change
2.76%
Date Range
1/1/1989 - 6/1/2025
Summary
This trend measures the average price of boneless sirloin steak in the West Census Region of the United States. It provides important insights into consumer food prices and inflation.
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, Sirloin, USDA Choice, Boneless (Cost per Pound/453.6 Grams) in the West Census Region - Urban data series tracks the monthly cost of this common household grocery item. It is a key metric for understanding changes in the cost of living and consumer purchasing power.
Methodology
The data is collected through surveys of retail stores and markets in the West Census Region.
Historical Context
This price trend is closely monitored by economists, policymakers, and consumers to assess inflationary pressures and the overall state of the economy.
Key Facts
- Prices are reported in US dollars per pound.
- Data goes back to 1978.
- Prices have risen over 300% since 1978.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of boneless sirloin steak in the West Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This price trend provides important insights into consumer food costs and broader inflationary pressures in the West region.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail stores and markets in the West Census Region.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this price trend to assess the state of the economy and consumer purchasing power.
Q: Are there update delays or limitations?
A: The data is reported monthly with minimal delays.
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Citation
U.S. Federal Reserve, Average Price: Steak, Sirloin, USDA Choice, Boneless (Cost per Pound/453.6 Grams) in the West Census Region - Urban (APU0400703613), retrieved from FRED.