The average price for a pound of ground beef hit its all-time in the United States in November, according to data released today by the Bureau of Labor Statistics.
In January 1980, when BLS started tracking the average price of 100-percent beef ground chuck, a pound cost $1.82. By this November, the same pound of ground beef cost $3.61 per pound. That was up from $3.49 per pound in October.
What inflation? As long as you don't eat, there is no price inflation.