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American consumers are facing sticker shock at the grocery store as beef prices continue their relentless climb, with ground beef…
Beef prices have surged 14% over the past year as cattle shortages reach critical levels. The Department of Agriculture reports lean ground beef now averages $7.95 per pound amid declining production forecasts.
Americans are facing significantly higher beef prices, with ground beef reaching $7.95 per pound on average in August, representing an 8% increase since January, according to reports. The broader beef category has experienced even steeper inflation, climbing 14% over the past year as cattle shortages and production challenges persist across the industry.
