Ground beef sets new record as price rockets past $4.00 per pound for first time in history


(NaturalNews) During inflationary periods in the 1970s, Betty Crocker introduced “Hamburger Helper” as a way to stretch a struggling family’s budget. While the meals themselves were anything but the epitome of good healthy eating, the idea was that at least they were an affordable way for families to put food on the table.

Fast-forward to 2014 and the Obama economy: Hamburger Helper is no more healthier than it was 40 years ago, but it is also not as affordable. Hamburger meat has skyrocketed in cost over the past couple of years, now averaging at more than $4.00 a pound for the first time ever.

As reported by CNS News:

Although the overall Consumer Price Index dropped by 0.2 percent in August, the price index for food rose 0.2 percent, with the average price for a pound of ground beef rising to $4.013 per pound–the first time it has ever topped $4 per pound.

No end in sight

The Labor Department’s Bureau of Labor Statistics (BLS) reported in July that the average ground beef price had been about $3.88 a pound, which was, even then, a record up to that point. But from July to August, the price jumped 3.3 percent, or nearly 13 cents a pound.

A year ago in August, ground beef’s average price was $3.45 a pound; it has climbed dramatically since then, rising nearly 56 cents a pound, or more than 16 percent.

Five years ago, on the heels of the Great Recession, the average ground beef price was just $2.13 a pound, the BLS said. Since then, the price has nearly doubled, rising more than 88 percent or $1.87 per pound

Written by: J. D. HEYES – continue reading at NATURAL NEWS

COUNTRY CHRISTIAN’S NOTE: On Thursday, September 18, 2014 Wal-Mart’s 96% Extra Lean Ground Beef cost $6.18 per pound!

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