Average Price: Beef Liver (Cost per Pound/453.6 Grams) in the West Census Region - Urban
APU0400705141 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.03
Year-over-Year Change
-20.22%
Date Range
1/1/1980 - 12/1/1986
Summary
This economic trend measures the average price of beef liver per pound in the West Census Region of the United States, focusing on urban areas. It provides insight into food price dynamics and consumer purchasing power.
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: Beef Liver (Cost per Pound/453.6 Grams) in the West Census Region - Urban trend tracks the market price of this common household meat item. It is used by economists and policymakers to monitor food inflation, consumer spending, and regional price variations.
Methodology
The data is collected through surveys of retail establishments in the West Census Region.
Historical Context
This price trend is relevant for understanding consumer price inflation and regional market conditions.
Key Facts
- Beef liver is a nutrient-dense organ meat.
- Prices can vary significantly by region and urban/rural location.
- This data series dates back to 1978.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of beef liver per pound in the West Census Region of the United States, focusing specifically on urban areas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into food price dynamics, consumer purchasing power, and regional price variations, which are important for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments in the West Census Region.
Q: How is this trend used in economic policy?
A: This price trend is relevant for understanding consumer price inflation and regional market conditions, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, with some potential for update delays due to the survey-based methodology.
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Citation
U.S. Federal Reserve, Average Price: Beef Liver (Cost per Pound/453.6 Grams) in the West Census Region - Urban (APU0400705141), retrieved from FRED.