Wednesday, December 17, 2014

Price Inflation! What Price Inflation?

(CNSNews.com): "The average price of a pound of ground beef climbed to another record high -- $4.201 per pound -- in the United States in November, according to data released today by the Bureau of Labor Statistics (BLS). In August 2014, the average price for a pound of all types of ground beef topped $4 for the first time, hitting $4.013, according to the BLS.  In September, the average price jumped to $4.096 per pound, and in October, the average price climbed to $4.154 per pound. In November, the average price hit the highest price ever recorded -- $4.201 per pound.  A year ago, in November 2013, the average price for a pound of ground beef was $3.477 per pound. Since then, the average price has increased 20.8 percent in one year. Five years ago, in November 2009, the average price of a pound of ground beef was $2.062, according to the BLS. The price has since climbed by $2.139 per pound, or 103.7 percent."




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