All prices are FRED data from the St. Louis Fed in U.S. dollars.
The headlines are correct. Average beef prices are out of this world in June 2025:
Round Roast $7.762/lb
All Uncooked Beef Roasts $8.203
Ground Chuck $6.103
Choice Chuck Roast $8.197
100% Ground Beef $6.12
All Uncooked Ground Beef $6.342
All Uncooked Beef Steaks $11.491
Choice Sirloin Steak $12.923.
But that's not all:
Whole Chicken $2.086
Frozen Orange Juice Concentrate $4.493
Coffee $8.132
Potato Chips $6.815
Ice Cream $6.493.
Most of the other items in my list of over 40 basic food products remain near their average all time highs. Food price inflation was 3% year-over-year in June 2025. There has been no actual food price deflation since 2016.
