Average Price: Ground Beef, 100% Beef (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban
APU0100703112 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.05
Year-over-Year Change
10.76%
Date Range
3/1/1984 - 6/1/2025
Summary
This trend measures the average retail price of ground beef in the Northeast Census Region of the United States. It is an important economic indicator for monitoring consumer price dynamics and assessing 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: Ground Beef, 100% Beef (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban trend provides a reliable data series on the retail prices of this common consumer product. This information is valuable for economists, policymakers, and market analysts to understand regional cost-of-living trends and inflationary pressures.
Methodology
The data is collected through surveys of urban retail stores in the Northeast Census Region.
Historical Context
This price trend is widely used to inform economic policy decisions and consumer market analysis.
Key Facts
- Ground beef is a common household staple.
- Prices can vary significantly by geographic region.
- This data series dates back to 1978.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of ground beef, per pound, in the Northeast Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This price trend is an important indicator of consumer price dynamics and household purchasing power in the Northeast region.
Q: How is this data collected or calculated?
A: The data is collected through surveys of urban retail stores in the Northeast Census Region.
Q: How is this trend used in economic policy?
A: This trend informs economic policy decisions and consumer market analysis by providing insights into regional cost-of-living and inflationary pressures.
Q: Are there update delays or limitations?
A: The data is published monthly with minimal delays, providing timely insights into ground beef price trends in the Northeast.
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Citation
U.S. Federal Reserve, Average Price: Ground Beef, 100% Beef (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban (APU0100703112), retrieved from FRED.