Why McDonalds quit selling select burgers.
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The average price for a pound of ground beef hit its all-time in the United States in November, according to data released today by the Bureau of Labor Statistics.
In January 1980, when BLS started tracking the average price of 100-percent beef ground chuck, a pound cost $1.82. By this November, the same pound of ground beef cost $3.61 per pound. That was up from $3.49 per pound in October.
A decade ago, in November 2003, a pound of ground chuck cost $2.49. Since then, the price has gone up 45 percent.