Average Price of Ground Beef Hits All-Time High

http://cnsnews.com/news/article/ali-meyer/average-price-ground-beef-hits-all-time-high

August 19, 2014 - 11:10 AM
By Ali Meyer

(CNSNews.com) – The average price for all types of ground beef per pound hit its all-time high -- $3.884 per pound -- in the United States in July, according to data released today by the Bureau of Labor Statistics (BLS).

That was up from $3.880 per pound in June. A year ago, in July 2013, the average price for a pound of ground beef was $3.459 per pound. Since then, the average price for a pound of ground beef has gone up 42.1 cents--or about 12 percent.

Five years ago, in July 2009, the average price for a pound of ground beef was $2.147, according to the BLS. In those five years, the average price has climbed by $1.737 per pound--or almost 81 percent.

Along with the average price data, the BLS calculates a consumer price index, which is a “tool that simplifies the measurement of movements in a numerical series,” explains BLS. “An index for 110, for example, means there has been a 10-percent increase in price since the reference period.”



Excerpt, more at link

F

Forgot this:

Zitat

---

The seasonally-adjusted price index for meats, poultry, fish, and eggs also hit an all-time high in July, according to BLS.

---

F

Zitat

---

Average Price of Ground Beef Hits All-Time High

---

But on the plus side, the average opinion of Zero is at an all time low.

Ah! Finally. The Clara Peller moment...

Even though they are still ridiculous with their official "inflation" numbers, at least there is some coverage of the price of food sky rocketing that people can relate to...

F