Average Price: All Uncooked Ground Beef (Cost per Pound/453.6 Grams) in the West Census Region - Urban
APU0400FC1101 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.29
Year-over-Year Change
10.14%
Date Range
1/1/1998 - 6/1/2025
Summary
This economic trend measures the average price of all uncooked ground beef per pound in the West Census Region's urban areas. It provides valuable insights into consumer spending and price dynamics 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 West Census Region - Urban trend tracks the retail price of ground beef in urban areas of the Western United States. This data point is a key indicator of consumer purchasing power and price inflation within the beef industry.
Methodology
The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator is closely monitored by policymakers, market analysts, and industry stakeholders to gauge consumer trends and inflationary pressures.
Key Facts
- Ground beef is a staple protein in many American households.
- Prices can fluctuate due to factors like feed costs, supply chain issues, and consumer demand.
- The West Census Region includes 13 states, representing a significant portion of the U.S. population.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of all uncooked ground beef per pound in urban areas of the West Census Region.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into consumer spending and price dynamics within the beef industry, which is a key component of the broader food and agriculture sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This economic indicator is closely monitored by policymakers, market analysts, and industry stakeholders to gauge consumer trends and inflationary pressures.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical delay of around one month from the reference period.
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Citation
U.S. Federal Reserve, Average Price: All Uncooked Ground Beef (Cost per Pound/453.6 Grams) in the West Census Region - Urban (APU0400FC1101), retrieved from FRED.