Posted on 03/24/2015 12:20:19 PM PDT by iowamark
The average price of a pound of ground beef climbed to another record high in February, hitting $4.238 per pound, according to data released today by the Bureau of Labor Statistics (BLS).
In August 2014, the average price for a pound of all types of ground beef topped $4 for the first time, hitting $4.013, according to the BLS.
In September, the average price jumped to $4.096 per pound; in October, the average price climbed to $4.154 per pound; and in November, the average price climbed to $4.201 per pound.
In December, the price declined slightly to $4.156 per pound. In January 2015, ground beef hit $4.235 per pound and in February 2015, according to the latest data from the BLS, the price of ground beef hit the highest level ever recorded of $4.238.
A year ago, in February 2014, the average price for a pound of ground beef was $3.555 per pound. Since then, the average price has increased 19.2 percent in one year.
Five years ago, in February 2010, the average price of a pound of ground beef was $2.277, according to the BLS. The price has since climbed by $1.961 per pound, or an increase of 86.1 percent.
The overall Consumer Price Index measures the relative change in the prices of a basket of goods and services relative to a basis of 100. Subordinate indexes measure the relative change in price for individual goods or services or categories of goods and services.
While the price of ground beef increased over the month, the overall Consumer Price Index (CPI) increased as well. “The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent in February on a seasonally adjusted basis,” the U.S. Bureau of Labor Statistics reported today. “Over the last 12 months, the all items index was unchanged before seasonal adjustment.”
“The food index increased 0.2 percent in February,” said the BLS. “Also turning up in February was the index for meats, poultry, fish, and eggs, which rose 0.3 percent after declining slightly the prior month. The index for beef and veal rose 0.7 percent, its thirteenth consecutive increase.”
I like to make a special mix for my birthday - this year it’s wagyu sirloin burgers and heirloom tomatoes.
IN the longer term, processors will expand
tomatoburgers huh
We never saw deer in our rural subdivision until the city annexed us. The deer KNOW it’s illegal to discharge a firearm within city limits & they are now terrorizing our flowerbeds & just look at you as they amble by.
Anyway, beef prices are through the roof. Wonder how much U.S. beef production is being exported?
It really makes you have to price-shop these days finding good prices.
I think you are a tad confused about patty sizes and what McD’s sells but that’s okay.
I made a panful of sloppy joes last night.
But the second mortgage should be paid off in no time.
Perhaps I misspoke (miswrote?) - I’ll be slicing fresh Brandywine tomatoes for the top of the burger.
Eat well!
Funny, so to speak.
I had a neighbor shoot a deer (8 acres) and his neighbor (a real loonie on 5 acres) complained to EVERYONE!
So we don’t shoot deer in our subdivision...it is against the covenants...
We us Plantskyyd to keep the dear away from plants.
Works unbelievably well! Stinks, though. It’s made from real deer blood. No joke. Give it a try.
Good luck!
We shop at Aldi too, but here’s the thing about some of their meats.
Check the fluid added...in some cases it’s 11%(sometimes up to 18% in frozen chicken) which means whatever cost you think you’re paying for the meat, your actually paying at least 11 percent more.
They don’t hide this from the consumer, it’s right on the label. Same think happens with Walmart meat, and I imagine regular supermarket meats...always a good thing to look at on meat labels.
Wagyu sirloin burgers and heirloom tomatoes!!! Sounds Delicious!!!
With the drought in Texas (=no winter hay), a lot of beef was sold off: fewer cows = higher prices
Eat more veggies and take vitamins. Bye-bye beef!
When we were last in Glendale, YES.
LOL
Thanks for the tip.
Back in the 70s my dad owned a 2 family house, 2 cars & a summer cottage at the lake....all without mom working, so I agree with where you are coming from.
“You will here from many how the standard of living has risen extraordinarily, especially since the 1920s. That is true, but what they don’t point out is that pretty much ended in the mid 1970s.”
You must still be living in the 70’s ...
I buy all my beef from a local meat market. Best meat in town. I pay $16.99 for 5 lbs of ground beef. I have bought other ground beef at the local grocery stores and it tastes horrible and smells while cooking.
I will make a special trip to my meat store just to buy ground beef there. Guess I’m spoiled to good meat now. Lol
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.