Skip to content

A Rib Roast Can Set You Back $100 as Meatflation Hits Shoppers

  • Price of some cuts of beef up more than 20% in supermarkets
  • Canada shopper finds $100 rib roast as beef commands premium
In Canada, prices for a prime rib roast have risen 20% in the past year.
Photographer: AimeeLeeStudios/iStockphoto

Inflation’s next victim might be your Sunday dinner.

North American beef prices are soaring as a labor crunch squeezes meatpackers and supply-chain snarls add to freight costs. In Canada, prices for a prime rib roast have risen 20% in the past year and are the highest since at least 1995, Statistics Canada data show. Sirloin and round steaks have surged as much as 10% in the last year and in the U.S. beef steaks are fetching record prices.