YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Beef prices are surging, and American households are forking over more money for their steaks, roasts and burgers, the latest inflation data shows.
The Bureau of Labor Statistics released the December consumer price index (CPI) which showed that prices for beef and veal rose 1% compared with prices the month before and are up 16.4% from a year ago.
Within that category, prices for beef steaks jumped 3.1% in December and are up 17.8% when compared with the same month in the prior year.
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