Tuesday, March 24, 2015

There is No Price Inflation: If You Don't Eat Hamburgers

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.

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.



  1. I see deflation everywhere. My T-1 internet connection was the same price for years, I asked for money off and the provider lowered the price immediately. The Wall Street Journal sent me a renewal notice for something like $350. I called and said new subscribers get it for half, they matched it I'll bet I could call my cable company and get a lower price. Verizon lowered my cel phone fee without asking. Staples will give me $50 of free merchandise if I order something online.

    You might be right though. The Ferrari Club of America offered me a re-up at the same price as last year - no deflation there.