If you walked right past the meat aisle on your last trip to the grocery store, you’re not the only one. Beef is starting to feel like a luxury as prices stay at record highs, and there’s no end in sight for markups.
Ground beef reached a record price of $6.90 per pound in April, nearly a dollar more than last year, according to data from the Bureau of Labor Statistics. Beef steaks, which cost an average of $12.80 per pound in May, are up 16% from a year ago.
