New Record: Pound of Ground Beef Tops $4 for First Time | CNS News
A year ago, in August 2013, the average price for a pound of ground
beef was $3.454 per pound. Since then, it has climbed 55.9 cents--or
about 16.2 percent.
Just five years ago, in August 2009, the average price for a pound of
ground beef was $2.134, according to the BLS. The price has since
climbed by $1.879 per pound—or 88.1 percent.
The overall Consumer Price Index measures the relative change in the
prices of a basket of goods and services relative to a basis of 100.
Subordinate indexes measure the relative change in price for individual
goods or services or categories of goods and services.
The price index for seasonally adjusted uncooked ground beef hit an
all-time high of 279.812 in August, up 3.4 percent from July when it was
270.724. In 1947, the earliest year in this index, it was 26.5.
No inflation here folks, move along nothing to see...GO SHOPPING! Funny thing these Fed clowns ( Liars ) must eat shoe leather which is on sale.
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