Beef, it’s what’s for dinner. Or is it?
Many Americans have had to tighten their belts over the past year as food prices skyrocket. With Memorial Day around the corner, signaling the unofficial start to summer, the ground beef you use to make your grilled burgers might not be as accessible.
For a lot of us, summer is the time to keep the grill uncovered. Whether you have a backyard bonanza planned for the whole group or an impromptu weeknight family dinner, ground beef is a staple that graces many American tables. According to the Federal Reserve Bank of St. Louis, that staple will cost you a lot more this year.
Like everything else in this economy, ground beef is at an all-time high, clocking in around $6.71 a pound as of March 2026. If we look back over the last four years, the increase has been massive since January 2025, when the prices spiked the highest percentage they’ve had since the height of the COVID-19 pandemic.
Related: 22 Fiesta-Approved Ground Beef Recipes for Cinco de Mayo
We can look at the price changes over that time. Here are the beef prices going back four years:
March 2022 $4.76March 2023 $4.81March 2024 $5.13March 2025 $5.79March 2026 $6.71The percentage increases from March 2022 onwards:
1.05% from 2022 to 20236.65% from 2023 to 202412.87% from 2024 to 202515.89% from 2025 to 2026?? Get meal ideas daily by signing up for Parade's newsletter ??
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From 1985 until the massive price spike in 2015, ground beef prices fluctuated but didn’t spiral too far out of control. Over the past 11 years, however, prices have been shooting up to record levels while many Americans complain their wages can’t keep up.
There are plenty of TikTok, Instagram, and YouTube accounts dedicated to showing you how to make your ground beef favorites for less, using ingredients like lentils, textured vegetable protein, and vegan grounds to supplement beef or replace it altogether. Ground chicken and ground turkey have also become popular options in dishes like pasta, meatballs, and meatloaf, replacing beef in recipes once dominated by it.
Related: 50+ Satisfying Vegan Breakfasts To Power Your Day
As summer approaches, you may want to rethink your party and weeknight dinner menus. Meal rotations that once included beef may now be plant-based or featuring another ground protein. Commercials in the early 90s told us that beef was for dinner, but more than 30 years later, that may no longer be the case.
Disclaimer: This article is for informational purposes only and does not constitute financial advice.
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