REPORT: Price of Ground Beef Hits Record HighSubmitted by emalvini on Wed, 08/15/2012 - 13:02
REPORT: Price of Ground Beef Hits Record High
By Terence P. Jeffrey
August 15, 2012
(CNSNews.com) - The average price of ground beef hit a record high in the United States in July, according to data released Wednesday by the Bureau of Labor Statistics.
The BLS has been tracking the average price of a pound of 100% ground beef since 1984. In July, it cost $3.085, up from $3.007 in June.
Prior to June, the average cost of 100% ground beef in the United States had never topped $3.00.