date:Aug 16, 2012
Ground beef cost $3.085 per lb. in July, up from $3.007 in June. Before June, the average cost of 100 percent ground beef in the US had never gone above $3.00.
For the first month BLS tracked the price off 100 percent ground beef, January 1984, the price totaled $1.29 per lb. The average price for 1 lb. of 100 percent ground beef did not increase as much as overall inflation between 1984 and 2009. In January 2009, when President Barack Obama was inaugurated, it totaled $2.357 per lb.
Meanwhile