How much did ground beef cost in 2023?
Ground beef averaged $5.02 per lb in 2023 — about $5.52 in 2026 dollars.
Monthly average price (USD per lb) · 2023
In 2023, ground beef averaged $5.02 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 $4.78 in February to $5.35 in November. Over the year it rose from $4.79 in January to $5.21 in December, a 8.7% increase.
Adjusted for inflation, $5.02 in 2023 is worth about $5.52 in 2026 dollars. Today ground beef averages $6.75 per lb, so in real terms it is 22% more expensive than it was in 2023. In plain (unadjusted) dollars the price is up 34% versus the 2023 average.
2023 monthly prices
| Month | Price | MoM |
|---|---|---|
| January | $4.79 | ▼ 0.2% |
| February | $4.78 | ▼ 0.3% |
| March | $4.81 | ▲ 0.7% |
| April | $4.79 | ▼ 0.5% |
| May | $4.96 | ▲ 3.5% |
| June | $5.03 | ▲ 1.4% |
| July | $5.10 | ▲ 1.5% |
| August | $5.08 | ▼ 0.5% |
| September | $5.11 | ▲ 0.7% |
| October | $5.23 | ▲ 2.3% |
| November | $5.35 | ▲ 2.4% |
| December | $5.21 | ▼ 2.7% |
| 2023 average | $5.02 |
FAQ
What was the average price of ground beef in 2023?
Ground beef averaged $5.02 per lb in 2023, based on 12 months of BLS average price data.
How much is $5.02 of 2023 ground beef worth today?
Adjusted for inflation with the CPI-U, $5.02 in 2023 is about $5.52 in 2026 dollars.
How does the 2023 price of ground beef compare to now?
Ground beef now averages $6.75 per lb, up 34% from the 2023 average of $5.02.