How much did ground beef cost in 2024?
Ground beef averaged $5.39 per lb in 2024 — about $5.76 in 2026 dollars.
Monthly average price (USD per lb) · 2024
In 2024, ground beef averaged $5.39 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 $5.03 in January to $5.67 in September. Over the year it rose from $5.03 in January to $5.61 in December, a 11.4% increase.
Adjusted for inflation, $5.39 in 2024 is worth about $5.76 in 2026 dollars. Today ground beef averages $6.75 per lb, so in real terms it is 17% more expensive than it was in 2024. In plain (unadjusted) dollars the price is up 25% versus the 2024 average.
2024 monthly prices
| Month | Price | MoM |
|---|---|---|
| January | $5.03 | ▼ 3.5% |
| February | $5.13 | ▲ 2.0% |
| March | $5.13 | — 0.0% |
| April | $5.24 | ▲ 2.0% |
| May | $5.15 | ▼ 1.7% |
| June | $5.47 | ▲ 6.3% |
| July | $5.50 | ▲ 0.5% |
| August | $5.58 | ▲ 1.5% |
| September | $5.67 | ▲ 1.7% |
| October | $5.59 | ▼ 1.4% |
| November | $5.63 | ▲ 0.7% |
| December | $5.61 | ▼ 0.4% |
| 2024 average | $5.39 |
FAQ
What was the average price of ground beef in 2024?
Ground beef averaged $5.39 per lb in 2024, based on 12 months of BLS average price data.
How much is $5.39 of 2024 ground beef worth today?
Adjusted for inflation with the CPI-U, $5.39 in 2024 is about $5.76 in 2026 dollars.
How does the 2024 price of ground beef compare to now?
Ground beef now averages $6.75 per lb, up 25% from the 2024 average of $5.39.