How much did ground beef cost in 1992?
Ground beef averaged $1.54 per lb in 1992 — about $3.68 in 2026 dollars.
Monthly average price (USD per lb) · 1992
In 1992, ground beef averaged $1.54 per lb at the U.S. city average, across all twelve months, according to U.S. Bureau of Labor Statistics average price data. The monthly price ranged from $1.49 in July to $1.60 in January. Over the year it fell from $1.60 in January to $1.50 in December, a 6.3% decline.
Adjusted for inflation, $1.54 in 1992 is worth about $3.68 in 2026 dollars. Today ground beef averages $6.75 per lb, so in real terms it is 83% more expensive than it was in 1992. In plain (unadjusted) dollars the price is up 338% versus the 1992 average.
1992 monthly prices
| Month | Price | MoM |
|---|---|---|
| January | $1.60 | ▲ 1.5% |
| February | $1.59 | ▼ 0.9% |
| March | $1.55 | ▼ 2.6% |
| April | $1.56 | ▲ 1.2% |
| May | $1.55 | ▼ 1.1% |
| June | $1.54 | ▼ 0.7% |
| July | $1.49 | ▼ 3.1% |
| August | $1.53 | ▲ 3.1% |
| September | $1.52 | ▼ 0.8% |
| October | $1.55 | ▲ 1.6% |
| November | $1.54 | ▼ 0.7% |
| December | $1.50 | ▼ 2.3% |
| 1992 average | $1.54 |
FAQ
What was the average price of ground beef in 1992?
Ground beef averaged $1.54 per lb in 1992, based on 12 months of BLS average price data.
How much is $1.54 of 1992 ground beef worth today?
Adjusted for inflation with the CPI-U, $1.54 in 1992 is about $3.68 in 2026 dollars.
How does the 1992 price of ground beef compare to now?
Ground beef now averages $6.75 per lb, up 338% from the 1992 average of $1.54.