You might want to be a little more careful while grilling in your backyard this summer. These burgers and steaks will cost you more.
According to the Federal Reserve Bank of St. Louis, the average price of 100% ground beef rose to $5.80 in April, up nearly 13% over the past 12 months.
The USDA says beef prices will likely continue to increase. The division’s April 2025 outlook predicts that beef and veal costs could jump by more than 6.3% in 2025.
According to USDA, costs have been estimated to have risen due to “severe supply and continued consumer demand.” This is above the expected 3.2% increase in prices for food products purchased from grocery stores and supermarkets.
How did food prices change?
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According to beefresearch.org, grill season usually takes place between anniversary and Labor Day. Get ready.
Other meats are more expensive, but not as much as beef. Pork prices are projected to rise by 1.8% in 2025, while poultry is expected to rise by 1%.
CPI Report: Lowest inflation in four years.
Egg prices will fall: Overall costs have fallen by almost 13%.
According to the USDA, burgers will be more expensive, but the toppings you add aren’t. Prices for lettuce and tomatoes have fallen more than 6% in the past 12 months.
Potato prices fell about 0.5% over the same period, so fries at home won’t break the bank. The price of bread is about 1.9% higher than last year, so I’ll pay a little more for burger bread.
And if you’re craving hot dogs in your burger, Frankfurter has dropped by around 4.3% in prices, says the USDA.
Source USA Today Network Report and Research. Reuters; US Department of Agriculture; Federal Reserve Bank of St. Louis. Labor Statistics Bureau
