Thursday, July 16, 2026

37% of 46 average food prices I track through FRED at the Federal Reserve Bank of St. Louis made new all-time average high prices for the first half of 2026

More than half of the 17 offenders are beef products.

In addition to the 9 beef products, also appearing are beer, wine, chocolate chip cookies, lettuce, tomatoes, white rice, coffee, and orange juice. 

Most of the 46 foods tracked are priced near, if not at, their all-time highs in 1H2026, but inflation over time matters when evaluating what's what.

Fresh whole chicken, for example, remains a good value compared with beef.

100% ground beef purchased in the summer of 1984 for $1.31 per pound should cost about $4.22 per pound today, but in reality is about $6.78 on an average basis. You are paying a premium of 61% over inflation when you eat hamburger today.

One whole chicken, however, purchased at an average price of 66-cents per pound in the summer of 1980 should cost about $2.67 per pound today adjusted for inflation, but is only about $2.04. A year ago it was $2.06.

Smart shoppers choose the fricken chicken.