date:Aug 16, 2012
, the average price for 1 lb. of 100 percent ground chuck hit a record $3.449 in July up from $1.821 in January 1980 (when BLS started tracking it) and $2.961 per lb. in January 2009, when Obama took office.
Since January 2009, the price of ground chuck has outpaced overall inflation. Had it tracked overall inflation, it would be $3.16 per lb. now instead of approximately $3.45 per lb.
In 1991, the BLS began tracking the price of lean and extra lean ground beef. Between then and January 2009,