The beef on beef

Another chart of prices

The beef on beef
Photo by Gonzalo Facello / Unsplash

In the last post, I took a look at egg prices in the U.S., which have declined a bit in the last year but are still well above where they were five years ago.

The administration cherry-picked this item to suggest to the people that inflation has been tamed.

Let's take a look at the price of beef. Not long ago, this item made the news, when the President vowed that he was going to make steaks affordable.

Well...

His effort is clearly failing. Ground beef in the U.S. is now 20% higher than last year. Over the five-year period, beef prices have gone up almost 70%!!!