Average Price: All Uncooked Other Beef (Excluding Veal) (Cost per Pound/453.6 Grams) in the West Census Region - Urban
This dataset tracks average price: all uncooked other beef (excluding veal) (cost per pound/453.6 grams) in the west census region - urban over time.
Latest Value
7.12
Year-over-Year Change
-5.41%
Date Range
1/1/1998 - 6/1/2025
Summary
This economic trend measures the average price per pound of all uncooked other beef (excluding veal) in the West Census Region of the United States. It provides insights into beef costs for consumers and businesses in this region.
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 Other Beef (Excluding Veal) (Cost per Pound/453.6 Grams) in the West Census Region - Urban series tracks the average price paid by urban consumers for non-veal beef products in the western U.S. This data is used by economists and policymakers to analyze food price inflation and consumer purchasing power.
Methodology
The data is collected through surveys of retail stores in the West Census Region.
Historical Context
This beef price trend is relevant for understanding regional consumer price dynamics and informing economic and agricultural policy decisions.
Key Facts
- The West Census Region includes 13 states, including California and Washington.
- Beef is a major component of the U.S. Consumer Price Index (CPI).
- Prices can fluctuate due to factors like cattle supplies, feed costs, and consumer demand.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price per pound paid by urban consumers for all uncooked other beef products (excluding veal) in the West Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This beef price trend provides insights into food inflation and consumer purchasing power in the western U.S., which is useful for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail stores in the West Census Region.
Q: How is this trend used in economic policy?
A: This beef price trend is relevant for understanding regional consumer price dynamics and informing economic and agricultural policy decisions.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and potential limitations in geographic or product coverage.
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Citation
U.S. Federal Reserve, Average Price: All Uncooked Other Beef (Excluding Veal) (Cost per Pound/453.6 Grams) in the West Census Region - Urban (APU0400FC4101), retrieved from FRED.