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#11
11-14-2023, 08:53 AM
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"Retail ground beef prices were at $5.08/lb. in August, down 2 cents from the month prior and up 14 cents from the same time last year. Retail ground beef prices have averaged $4.92 so far in 2023.
Retail ground beef prices averaged $4.81 in 2022, the highest annual average on record. Retail ground beef prices averaged $4.26 in 2021, up 14 cents from 2020. This is the highest annual average on record. Retail ground beef prices averaged $4.12 in 2020, up 31 cents from 2019. Retail ground beef prices reached $4 for the first time in history in August 2014." The above means that over the last 9 years retail ground beef prices are up 25%, or a little over 2% per annum. 
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