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The average price for a pound of ground beef climbed to another record high -- $4.156 per pound -- in the United States in October, according to data released today by the Bureau of Labor Statistics (BLS).
In August, the average price for a pound of all types of ground beef topped $4 for the first time, hitting $4.013, said the BLS. In September, the average price jumped .083 cents to $4.096 per pound, an increase of 2.1 percent in one month.
In October, which is the latest data from the BLS, the average price for a pound of ground beef ($4.156) increased 1.4 percent from September.
A year ago, in October 2013, the average price for a pound of ground beef was $3.389 per pound. Since then, it has climbed 76.5 cents, or about 22.6 percent in one year.
Five years ago, in October 2009, the average price for a pound of ground beef was $2.177, according to the BLS. The price has since climbed by $1.977 per pound, or 90.8 percent.
The overall Consumer Price Index measures the relative change in the prices of a basket of goods and services relative to a basis of 100. Subordinate indexes measure the relative change in price for individual goods or services or categories of goods and services.
http://www.cnsnews.com/news/article/...er-record-high
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