Average Price: Ground Beef, 100% Beef (Cost per Pound/453.6 Grams) in the South Census Region - Urban
APU0300703112 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.57
Year-over-Year Change
12.22%
Date Range
1/1/1984 - 6/1/2025
Summary
This economic trend measures the average price of ground beef, 100% beef (cost per pound/453.6 grams) in the South Census Region - Urban. It provides valuable insights into consumer food prices and inflation.
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 South Census Region - Urban represents the typical cost of this consumer staple in a specific geographic area. This data is used by economists and policymakers to analyze regional variations in food prices and gauge the overall cost of living.
Methodology
The data is collected through consumer price surveys conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by the Federal Reserve and other economic institutions to understand inflationary pressures and consumer spending patterns.
Key Facts
- Ground beef is a common protein source in the United States.
- Prices can vary significantly by region and urban/rural location.
- This data helps track the impact of inflation on household budgets.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of ground beef, 100% beef (cost per pound/453.6 grams) in the South Census Region - Urban.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into regional variations in food prices and consumer spending, which are important factors in analyzing inflation and the overall cost of living.
Q: How is this data collected or calculated?
A: The data is collected through consumer price surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely watched by the Federal Reserve and other economic institutions to understand inflationary pressures and consumer spending patterns.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be some delays in reporting due to the survey collection process.
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Citation
U.S. Federal Reserve, Average Price: Ground Beef, 100% Beef (Cost per Pound/453.6 Grams) in the South Census Region - Urban (APU0300703112), retrieved from FRED.