Beef prices are soaring despite slowing inflation overall, hitting a record $6.99 per pound this summer. Government data shows beef costs are up 11% over the past year, far outpacing the 2.7% inflation rate. Shoppers and grocers alike are feeling the squeeze as beef becomes a luxury item for many households, putting more strain on already tight budgets and changing buying habits.
Beef prices hit a new record high, and tariffs have nothing to do with it
