Average Price: All Uncooked Beef Steaks (Cost per Pound/453.6 Grams) in the West Census Region - Urban
APU0400FC3101 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.80
Year-over-Year Change
1.87%
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 West Census Region of the United States. It provides insight into consumer prices and inflation for this key food item.
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 West Census Region - Urban tracks the market price of beef steaks in this geographic area. This metric is used by economists and policymakers to monitor consumer price dynamics and broader inflationary pressures.
Methodology
The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This price trend offers important context for assessing household spending, food inflation, and overall economic conditions.
Key Facts
- Prices are tracked in urban areas of the West Census Region.
- Beef steaks are a key component of household food budgets.
- This metric provides insight into regional price dynamics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of all uncooked beef steaks, on a per pound basis, in the urban areas of the West Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This price metric is relevant for monitoring household spending, food inflation, and broader economic conditions in the West Census Region.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This price trend offers important context for policymakers and economists assessing regional consumer price dynamics and inflationary pressures.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Average Price: All Uncooked Beef Steaks (Cost per Pound/453.6 Grams) in the West Census Region - Urban (APU0400FC3101), retrieved from FRED.