Thursday, December 18, 2014

Price of Ground Beef Climbs to Another Record...

...as NYT columnist Paul Krugman frets about deflation.




The average price of a pound of ground beef climbed to another record high -- $4.201 per pound -- in the United States in November, reports the 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. In September, the average price jumped to $4.096 per pound, and in October, the average price climbed to $4.154 per pound. In November, the average price hit the highest price ever recorded -- $4.201 per pound.

A year ago, in November 2013, the average price for a pound of ground beef was $3.477 per pound. Since then, the average price has increased 20.8 percent in one year.

Five years ago, in November 2009, the average price of a pound of ground beef was $2.062. The price has since climbed by $2.139 per pound, or 103.7 percent.

(chart via CNS News)

2 comments:

  1. The only time it's not setting "records" is when the economy is in recession.

    ReplyDelete
    Replies
    1. Yes, we live with permanent and constant inflation. At least you're starting to figure that out.

      Krugman on the other hand...

      Delete