Retail Ground Beef Prices By Month

Retail ground beef prices were at $5.21/lb. in December, down 14 cents from the month prior and up 41 cents from the same time last year.  


Retail ground beef prices drop 14 cents from record highs

Retail ground beef prices were at $5.21/lb. in December, down 14 cents from the month prior and up 41 cents from the same time last year.    Retail ground beef prices averaged $5.02 in 2023, the highest annual average on record.

Retail ground beef prices averaged $4.81 in 2022, up 55 cents from the prior year.  Retail ground beef prices averaged $4.26 in 2021, up 14 cents from 2020.   Retail ground beef prices averaged $4.12 in 2020, up 31 cents from 2019.  

Retail ground beef prices reached $4 for the first time in history in August 2014.