Skip to content
Politics
Economics

Price Shock at Meat Counter Worsens U.S. Inflation Jitters

  • Beef prices in November were up 20.9% from a year earlier
  • Biden officials charge meatpackers abusing market power
Video player cover image
Beef, Bacon, Car Prices Surging Due to Inflation
Updated on

Prices for meat dishes that are traditional centerpieces of American meals are soaring, driving home the nation’s rising inflation rate and deepening discontent among voters.

Beef prices in November were up 20.9% from a year earlier, and those for roasts 26.4%, the Labor Department reported Friday. Pork rose 16.8%, and bacon 21%. Even more economical choices are surging, with chicken rising 9.2% and hamburger meat 13.9%. Overall, meat prices have risen 16% since a year ago.