Average Price: Chuck Roast, USDA Choice, Boneless (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban
APU0200703213 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.50
Year-over-Year Change
10.72%
Date Range
1/1/1989 - 6/1/2025
Summary
This economic trend measures the average price of chuck roast, a popular beef cut, in the Midwest Census Region's urban areas. It provides insight into consumer meat prices and food costs.
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, USDA Choice, Boneless (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban trend tracks the retail price of this specific beef item. It is used by economists, policymakers, and consumers to monitor food inflation and household expenditures.
Methodology
The data is collected through surveys of retail food stores in the Midwest region.
Historical Context
This trend informs analyses of consumer spending, cost of living, and agricultural market conditions.
Key Facts
- Chuck roast is a common, economical beef cut.
- The Midwest region accounts for a significant portion of U.S. beef production.
- Urban consumers typically pay higher prices than rural areas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of chuck roast, a popular USDA Choice boneless beef cut, in urban areas of the Midwest Census Region.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into food inflation and household expenditures, which are key factors in consumer spending and the overall cost of living.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail food stores in the Midwest region.
Q: How is this trend used in economic policy?
A: This trend informs analyses of consumer spending, cost of living, and agricultural market conditions, which are relevant for policymakers and economists.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential limitations of the U.S. Federal Reserve's data collection processes.
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Citation
U.S. Federal Reserve, Average Price: Chuck Roast, USDA Choice, Boneless (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban (APU0200703213), retrieved from FRED.