How much did ground beef cost in 2020?
Ground beef averaged $4.12 per lb in 2020 — about $5.33 in 2026 dollars.
Monthly average price (USD per lb) · 2020
In 2020, ground beef averaged $4.12 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 $3.87 in February to $4.74 in June. Over the year it rose from $3.89 in January to $3.95 in December, a 1.7% increase.
Adjusted for inflation, $4.12 in 2020 is worth about $5.33 in 2026 dollars. Today ground beef averages $6.75 per lb, so in real terms it is 27% more expensive than it was in 2020. In plain (unadjusted) dollars the price is up 64% versus the 2020 average.
2020 monthly prices
| Month | Price | MoM |
|---|---|---|
| January | $3.89 | ▲ 0.6% |
| February | $3.87 | ▼ 0.5% |
| March | $3.88 | ▲ 0.4% |
| April | $4.05 | ▲ 4.4% |
| May | $4.46 | ▲ 10.1% |
| June | $4.74 | ▲ 6.2% |
| July | $4.26 | ▼ 10.0% |
| August | $4.18 | ▼ 2.0% |
| September | $4.08 | ▼ 2.4% |
| October | $4.01 | ▼ 1.7% |
| November | $4.03 | ▲ 0.5% |
| December | $3.95 | ▼ 1.9% |
| 2020 average | $4.12 |
FAQ
What was the average price of ground beef in 2020?
Ground beef averaged $4.12 per lb in 2020, based on 12 months of BLS average price data.
How much is $4.12 of 2020 ground beef worth today?
Adjusted for inflation with the CPI-U, $4.12 in 2020 is about $5.33 in 2026 dollars.
How does the 2020 price of ground beef compare to now?
Ground beef now averages $6.75 per lb, up 64% from the 2020 average of $4.12.