Average Price: All Uncooked Beef Steaks (Cost per Pound/453.6 Grams) in the South Census Region - Urban
APU0300FC3101 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.19
Year-over-Year Change
10.17%
Date Range
1/1/1998 - 6/1/2025
Summary
This economic trend measures the average price of all uncooked beef steaks per pound in the South Census Region's urban areas. It provides valuable insights into consumer spending and regional price dynamics for this important food category.
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 Beef Steaks (Cost per Pound/453.6 Grams) in the South Census Region - Urban is a key economic indicator that tracks the retail price of various beef steak cuts in the southern urban markets. This data series is used by economists, policymakers, and businesses to analyze consumer behavior, inflation, and regional price variations.
Methodology
The data is collected through surveys of retail establishments and calculated as a weighted average price per pound.
Historical Context
This trend helps inform decisions around agricultural policy, trade, and consumer price indices.
Key Facts
- Beef is a major component of the Consumer Price Index.
- The South region accounts for over 35% of the U.S. population.
- Uncooked beef steak prices can fluctuate due to supply, demand, and production costs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per pound of all uncooked beef steak cuts in the urban areas of the South Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into regional consumer spending patterns and inflationary pressures for a key food category. It informs economic policymaking and business decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and calculated as a weighted average price per pound.
Q: How is this trend used in economic policy?
A: This trend helps policymakers and analysts assess consumer price dynamics, which informs decisions around agricultural policy, trade, and the Consumer Price Index.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be lags in reporting from some surveyed retailers.
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Citation
U.S. Federal Reserve, Average Price: All Uncooked Beef Steaks (Cost per Pound/453.6 Grams) in the South Census Region - Urban (APU0300FC3101), retrieved from FRED.