How much did ground beef cost in 2001?
Ground beef averaged $1.71 per lb in 2001 — about $3.24 in 2026 dollars.
Monthly average price (USD per lb) · 2001
In 2001, ground beef averaged $1.71 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 $1.63 in August to $1.76 in April. Over the year it rose from $1.69 in January to $1.71 in December, a 1.2% increase.
Adjusted for inflation, $1.71 in 2001 is worth about $3.24 in 2026 dollars. Today ground beef averages $6.75 per lb, so in real terms it is 108% more expensive than it was in 2001. In plain (unadjusted) dollars the price is up 294% versus the 2001 average.
2001 monthly prices
| Month | Price | MoM |
|---|---|---|
| January | $1.69 | ▲ 4.2% |
| February | $1.73 | ▲ 2.3% |
| March | $1.74 | ▲ 0.5% |
| April | $1.76 | ▲ 1.3% |
| May | $1.74 | ▼ 1.6% |
| June | $1.70 | ▼ 1.8% |
| July | $1.68 | ▼ 1.4% |
| August | $1.63 | ▼ 2.7% |
| September | $1.72 | ▲ 5.1% |
| October | $1.71 | ▼ 0.2% |
| November | $1.75 | ▲ 2.0% |
| December | $1.71 | ▼ 1.9% |
| 2001 average | $1.71 |
FAQ
What was the average price of ground beef in 2001?
Ground beef averaged $1.71 per lb in 2001, based on 12 months of BLS average price data.
How much is $1.71 of 2001 ground beef worth today?
Adjusted for inflation with the CPI-U, $1.71 in 2001 is about $3.24 in 2026 dollars.
How does the 2001 price of ground beef compare to now?
Ground beef now averages $6.75 per lb, up 294% from the 2001 average of $1.71.