How much did ground beef cost in 2007?
Ground beef averaged $2.30 per lb in 2007 — about $3.72 in 2026 dollars.
Monthly average price (USD per lb) · 2007
In 2007, ground beef averaged $2.30 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 $2.19 in January to $2.40 in August. Over the year it rose from $2.19 in January to $2.23 in December, a 2.2% increase.
Adjusted for inflation, $2.30 in 2007 is worth about $3.72 in 2026 dollars. Today ground beef averages $6.75 per lb, so in real terms it is 81% more expensive than it was in 2007. In plain (unadjusted) dollars the price is up 193% versus the 2007 average.
2007 monthly prices
| Month | Price | MoM |
|---|---|---|
| January | $2.19 | ▼ 3.3% |
| February | $2.30 | ▲ 5.5% |
| March | $2.29 | ▼ 0.5% |
| April | $2.25 | ▼ 1.7% |
| May | $2.31 | ▲ 2.4% |
| June | $2.33 | ▲ 1.1% |
| July | $2.37 | ▲ 1.4% |
| August | $2.40 | ▲ 1.2% |
| September | $2.37 | ▼ 1.0% |
| October | $2.26 | ▼ 4.7% |
| November | $2.29 | ▲ 1.3% |
| December | $2.23 | ▼ 2.4% |
| 2007 average | $2.30 |
FAQ
What was the average price of ground beef in 2007?
Ground beef averaged $2.30 per lb in 2007, based on 12 months of BLS average price data.
How much is $2.30 of 2007 ground beef worth today?
Adjusted for inflation with the CPI-U, $2.30 in 2007 is about $3.72 in 2026 dollars.
How does the 2007 price of ground beef compare to now?
Ground beef now averages $6.75 per lb, up 193% from the 2007 average of $2.30.