BREAKING: The average price of ground beef in the US is now up to a record $6.67 per pound. Prices have surged +72% since January 2020, when they stood at ~$3.88 per pound. Over the same period, chicken breast prices have risen +36%. Furthermore, coffee prices have surged +52% since January 2020. All while the “other food” category, which includes sugar, sweets, fats, oils, snacks, and prepared meals, has soared +31% over the same period. Food inflation remains far too high.
- Grok says: Trump suggested importing more beef from Argentina to lower high US prices due to droughts and supply issues. Democrats criticized this as prioritizing foreign interests over American farmers, potentially crashing domestic prices and hurting rural economies. Bipartisan opposition from farm states highlighted similar concerns, though Trump defended it as consumer relief and tied to tariffs benefiting ranchers.
- This is supply vs. demand. Demand is increasing because we have more money 1 year later with Trump in office. Supply is being suppressed because the evil communists have been slowly taking over the food supply chain to a) make prices high to keep us poor, b) starve us. – Steve From Baltimore
- A life hack is to buy beef directly from a local farmer Healthy grass fed & grass finished cows, your money going directly to a local farmer, and significantly cheaper cuts of beef compared to grocery stores – Market Radar
- Most people will hate this but ground beef jumping 72% while chicken only rose 36% proves the real winners are corporate meat packers quietly squeezing beef lovers hardest—welcome to the new normal where steak is luxury and beans are the future. – Totinho
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