Posted on 08/19/2014 1:57:06 PM PDT by george76
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.
...
In January 1967, when the BLS started tracking this measure, the index for meats, poultry, fish, and eggs was 38.1. As of last July, it was 236.147. By this January, it hit 240.006. By June, it hit 253.318. And, in July, it climbed to a record 254.174.
(Excerpt) Read more at cnsnews.com ...
The Engles I shop at has a big picture mounted above
the office of an Engles from the 60-70s and the sign
out front says...Ground Beef 3Lb. for a $1.39...
and people say there’s no inflation?
Lies, lies and damned lies !!!
There is no significant inflation.
Obama told me so.
LOL...this is the North Korean School of Economics, which our Communists are instituting in the reign of Chairman Obama.
Oscar Mayer beef hot dogs are $4.99 a pound at every store in my area.
HOT DOGS at FIVE DOLLARS A POUND!!!
It’s the O’conomy.
Let’s see, since nothing’s ever the fault of jug ears it has to be Bush’s fault.... Is that how that works?
I paid $17 a pound at the butcher shop for some porterhouse steaks (about $90 worth) and fed four people. The cuts of meat I got were of the quality you normally have to go to a 5-star restaurant for. So still a bargain, in my opinion.
If you are on a budget, you can still get basic cuts of beef at a supermarket for way less than what you pay at an Applebees or Chilis.
Ding, Ding, Ding. You the winnah!
It would take 20 eggs for a similar amount.
Whole chicken runs about the same rate per gram of digestible protein.
It's the cost of grain and all forms of energy that drives this.
Just paid $5.88 for a pound of low-fat burger. On the other hand, also paid $4.99 lb. for ready-to-go applewood smoked ribs at the deli. Guess what I’ll be buying next week.
We still have a way to go! We’ll replace ground meat with ground up pictures of ground meat for the COL. Inflation!? What Inflation!
"I don't know why they call this stuff 'Hamburger Helper'. It does just fine by itself, huh?"
How’s that Hope n change workin for ya?
No inflation here, just move along.
Not a smidgeon.
I sometimes can find a cut of roast on special for less than hamburger and get the butcher to grind it up for me.
I paid $.99/lb. for ground beef in the Bronx in 1978.
This is not just inflation, though. It’s a war on ranchers. The Bundys are the last of 52 ranchers in their country. All the others were put out of business by a government at war with Americans.
Can either of you two agricultural economics geniuses explain how corn, which was over $8 a bushel last year, and now is at about $3.75, less than half of a year ago, is part of the problem?
Oh, and while you're at it, do you have any genius level ideas what we are going to do with the mountains of surplus corn we are going to harvest in about 10 weeks?
Plow it under? Burn it to heat our homes and fuel our cars?
Another idea? Beuller?
Ship it to the starving people around the world, and the Bible says ‘give and it shall be given unto you...pressed down and running over’. That has been how America became so prosperous, through hard work, freedom, God, and sharing with others.
People are not buying the gas with more than 10% ethanol in it (made from corn), because it hurts some car engines, and you do not get the gas mileage as with other gasolines.
Supply and Demand...hence hamburger/ground meat go up in crisis due to demand for cheaper meats. Simple economics, and the bad economy due to the IDIOT in the WH not doing his job. Which is creating jobs and fixing the economy!
and with red eye gravy and some bisquits...yum.
Very nice.
Remember this was an economic challenge?
Who is going to pay the farmer?
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