Price of Ground Beef Hits Record in February: $4.238 Per Pound
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).
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.”...