Average Price: All Uncooked Beef Roasts (Cost per Pound/453.6 Grams) in the West Census Region - Urban
APU0400FC2101 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.52
Year-over-Year Change
4.22%
Date Range
1/1/1998 - 6/1/2025
Summary
This economic trend measures the average price per pound of all uncooked beef roasts in the West Census Region of the United States. It provides important insights into consumer spending and regional price variations 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 Beef Roasts (Cost per Pound/453.6 Grams) in the West Census Region - Urban data series tracks the average retail price of various beef roast cuts in this geographic area. It is a key indicator of price trends and consumer behavior within the regional beef industry.
Methodology
The data is collected through surveys of urban consumers in the West Census Region by the U.S. Bureau of Labor Statistics.
Historical Context
This price trend is closely monitored by economists, policymakers, and industry analysts to assess consumer demand, inflation, and regional market dynamics.
Key Facts
- Beef is a major protein source in the American diet.
- Prices can vary significantly by region and cut type.
- Roasts make up a significant portion of at-home beef consumption.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per pound of all uncooked beef roasts in the West Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into consumer spending patterns and regional price variations within the beef market, which is crucial for economists, policymakers, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of urban consumers in the West Census Region by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This price trend is closely monitored to assess consumer demand, inflation, and regional market dynamics, which informs economic policy and industry decision-making.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay, and may be subject to revisions based on updated survey information.
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Citation
U.S. Federal Reserve, Average Price: All Uncooked Beef Roasts (Cost per Pound/453.6 Grams) in the West Census Region - Urban (APU0400FC2101), retrieved from FRED.