Average Price: Chuck Roast, Graded and Ungraded, Excluding USDA Prime and Choice (Cost per Pound/453.6 Grams) in U.S. City Average
APU0000703212 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.62
Year-over-Year Change
3.12%
Date Range
1/1/1991 - 12/1/2017
Summary
This economic trend measures the average price of chuck roast, excluding USDA Prime and Choice grades, in the U.S. city average. It provides insight into consumer meat prices and household 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: Chuck Roast, Graded and Ungraded, Excluding USDA Prime and Choice trend tracks the cost per pound of this common beef cut across U.S. urban areas. It is an important indicator of meat affordability and food inflation for households.
Methodology
The data is collected through surveys of retail stores and compiled by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess consumer price trends and the impact on household budgets.
Key Facts
- Chuck roast is a common and affordable beef cut.
- Prices exclude premium USDA grades like Prime and Choice.
- Data covers urban areas across the United States.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of chuck roast, a common and affordable beef cut, excluding premium USDA grades, across U.S. urban areas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer meat prices and household purchasing power, which are important for assessing food inflation and the impact on household budgets.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail stores and compiled by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess consumer price trends and the impact on household budgets.
Q: Are there update delays or limitations?
A: The data is published monthly with minimal delays, providing timely insights into meat affordability.
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Citation
U.S. Federal Reserve, Average Price: Chuck Roast, Graded and Ungraded, Excluding USDA Prime and Choice (Cost per Pound/453.6 Grams) in U.S. City Average (APU0000703212), retrieved from FRED.