Food items making new all time high average prices in the United States in June 2025

 

 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.

 

 

Electricity posts its highest semiannual average price ever in 1H2025, under Mad King Ludwig

 The average price hit a record 19-cents per kWhr in June.

 

 

Chicken eggs in the United States post their highest semiannual average price ever, under Mad King Ludwig

Natural gas in the United States posts its second highest semiannual average price ever, under Mad King Ludwig

 

The average price of gasoline under Biden-Harris remains Obama-like, not Trump-like, costing 44% more on average than under Trump

Gasoline averaged $2.488 per gallon under Trump, 2017-2020 inclusive.

Obama told Gingrich in 2012 that $2.50/gal was a phony promise.

Har-dee-har-har.

Under Biden-Harris gasoline has averaged $3.583 per gallon to date (using three quarters of 2024 at $3.531 as if it were a full year).

 

The average vehicle on the road got older again as of May 2024, 12.6 years, and the average passenger vehicle is a record 14 years old

The average price of a new vehicle 2021-2024 is about $48,436 vs. $38,948 in 2019, an increase of 24%.

 

A bunch of food items made new all time high average prices in September 2024: Beef, beef, and more beef, butter, coffee, sugar, oranges, yogurt, and beer

Did I mention beef?

 

The average price of electricity in the United States remains at the all time high in September 2024, 31% higher than under Trump on average

 

Food prices making new all-time-highs in August 2024: Beef, beer, yogurt, ice cream, rice

 Many other basic foods, not shown, are still near their all-time-highs, like dried beans for example, or potatoes, sugar, and flour, but you knew that if you've been grocery shopping recently.

Eggs, at $3.204/dozen on average nationally in August 2024, are higher right now than their average annual price EVER: $2.857 in 2022, $2.796 in 2023, and $2.469 in 2015. Eggs averaged $2.798 in the first half of 2024.

Why you pay more for natural gas AND electricity: The utility mark-up of natural gas average prices over Henry Hub spot prices has never been higher than in 2024, 40% of electricity is generated by natural gas in the US, the largest source

 

A record 672% in the first half of 2024

675% in the first quarter of 2024, a new record

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

669% in the second quarter of 2024: "Energy prices are coming down" lol

The average price of beef round roast hit a new all-time high in May 2024

 

The average price of electricity hit a new record high in the USA in May

 

CNBC shills for price-gouging "worst offender" McDonalds, NYPost tells the truth

 CNBC May 10th: McDonald’s is working to introduce a $5 value meal

But the next to last paragraph indicates they ain't got one yet lol:

An initial proposal by McDonald’s for the $5 value meal did not clear necessary hurdles.

Yeah, no kidding. That's cause your $5 value meal was ten years ago.

The New York Post April 3rd: McDonald’s menu prices have increased by over 100% during the last decade: study 

McDonald’s has jacked up its menu prices by more than 100% over the course of the last decade — more than three times the rate of US inflation, according to a research report. ... Now, a Quarter Pounder with Cheese meal goes for $11.99 — more than double the $5.39 it cost in 2014, according to a study by FinanceBuzz, which cited average prices nationwide. ...

The analysis by FinanceBuzz found that McDonald’s was one of 13 restaurants that have raised menu prices in the last decade by 60% on average between 2014 and 2024 — or nearly double the cumulative national rate of inflation of 31% over that period.

While McDonald’s was the worst offender — tripling the rate of inflation, according to FinanceBuzz — Popeyes, Taco Bell, Chipotle and Jimmy John’s raised the prices of their menu items at more than double the actual inflation rate, the study found.     

It's like Obamacare.

Jerome "Arthur Burns" Powell ignites gold fever

The London PM gold fix soared 437% between 1970 and 1978 using average prices.

Gold is up about 60% since Powell became Fed Chair in February 2018. Gold has risen from about $1333 to $2142 on an average basis.

Gold hits fifth record high in March on Fed rate-cut view :

Gold prices on Thursday hit record highs for the fifth time this month after the U.S. Federal Reserve signaled it would press ahead with three rate cuts in 2024 despite elevated inflation.

Spot gold was up 1.1% at $2,209.65 per ounce at after hitting an all-time high of $2,222.39 earlier in the session. U.S. gold futures soared 2.4% to $2,212.40. ...

Despite recent high inflation readings, Fed chair Jerome Powell said the U.S. central bank is still likely to reduce interest rates by three-quarters of a percentage point by the end of 2024, but that it also depends on further economic data. ...

Lower interest rates decrease the opportunity cost of holding non-yielding bullion . . ..

 

Contact your utility commission and complain about natural gas and electricity prices not coming down

 Utilities Get an Inflation Shock

Electricity and gas providers are encountering a pushback on rate increases:

 

Utilities get to pass through fuel prices, which means customers have been bearing the burden of higher natural-gas prices that surged following Russia’s invasion of Ukraine. On average, monthly electricity prices rose 13% in 2022 from a year earlier and 6% in the first 11 months of 2023, according to data from the Labor Department. ... Utility commissioners are either appointed by elected officials or elected themselves, which means they are sensitive to the financial pressures that ratepayers face. ... utilities were quick to ask for an increase on the allowed return on equity when market measures of capital cost rose yet slow to adjust rates when those measures declined.     

 

Has the natural gas portion of your utility bill dropped 60% like the price of natural gas in 2023 from 2022? Mine sure as hell has not.

Here are the average prices per year for Henry Hub natural gas:

2015: 2.62

2016: 2.52

2017: 2.99

2018: 3.15

2019: 2.56

2020: 2.03

2021: 3.89 +91.6%

2022: 6.45 +65.8%

2023: 2.53 -60.7%

That 92% jump in 2021 had nothing to do with Ukraine.

We're being gouged for green energy tomfoolery.

 

COMPLAIN, not to the utility, but to the utility commission. It's the only way.

 

In Michigan, go to:

 

https://www.michigan.gov/mpsc

 

 

 

 

 

 

 

The inflation adjusted average price of ground beef in the United States

 In January 1984, ground beef was $1.29/pound.

Adjusted for inflation to August 2023, it should be $3.89/pound, according to the inflation calculator at bls.gov.

Ground beef is actually $5.08/pound, 30.5% higher.

 

The inflation adjusted average price of white potatoes in the United States

 In March 1986, potatoes were $0.21/pound.

Adjusted for inflation to August 2023, they should be $0.59/pound, according to the inflation calculator at bls.gov.

They are actually $1.09, 85% higher.

 

Child care prices rising at nearly twice the rate of inflation

The national average price of daycare and preschool services rose 6% in July from a year before, the Labor Department reported recently. That was nearly double the overall inflation rate of 3.2%, which was down from its recent peak of 9.1% in June last year. ... a mother of three living in Blaine, Minn. ... said she is paying about $2,500 a month for child care this summer.

More.

Price of July 2023 backyard grilled hamburger costs 31.5% more than in March 2020

 

On the Sunday grill: My May 1984 33-cent hamburger should cost 96-cents in May 2023, instead it costs $1.24

 It's nearly 30% overpriced.

The inflation-adjusted pound of ground beef over the period should cost $3.82.

I buy the good stuff, however. My burger costs $1.50, washed down with a cheap pint of Hamm's Beer for 83-cents.

I'll be back to beans and rice on Monday.

A man's gotta do what a man's gotta do.