How much did ground beef cost in 2022?
Ground beef averaged $4.81 per lb in 2022 — about $5.51 in 2026 dollars.
Monthly average price (USD per lb) · 2022
In 2022, ground beef averaged $4.81 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 $4.55 in January to $4.94 in August. Over the year it rose from $4.55 in January to $4.80 in December, a 5.4% increase.
Adjusted for inflation, $4.81 in 2022 is worth about $5.51 in 2026 dollars. Today ground beef averages $6.75 per lb, so in real terms it is 22% more expensive than it was in 2022. In plain (unadjusted) dollars the price is up 40% versus the 2022 average.
2022 monthly prices
| Month | Price | MoM |
|---|---|---|
| January | $4.55 | ▼ 1.1% |
| February | $4.63 | ▲ 1.7% |
| March | $4.76 | ▲ 2.7% |
| April | $4.92 | ▲ 3.3% |
| May | $4.79 | ▼ 2.5% |
| June | $4.89 | ▲ 2.0% |
| July | $4.89 | ▲ 0.1% |
| August | $4.94 | ▲ 0.9% |
| September | $4.86 | ▼ 1.5% |
| October | $4.84 | ▼ 0.5% |
| November | $4.85 | ▲ 0.3% |
| December | $4.80 | ▼ 1.1% |
| 2022 average | $4.81 |
FAQ
What was the average price of ground beef in 2022?
Ground beef averaged $4.81 per lb in 2022, based on 12 months of BLS average price data.
How much is $4.81 of 2022 ground beef worth today?
Adjusted for inflation with the CPI-U, $4.81 in 2022 is about $5.51 in 2026 dollars.
How does the 2022 price of ground beef compare to now?
Ground beef now averages $6.75 per lb, up 40% from the 2022 average of $4.81.