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🥩 Price of Ground Beef in 2001

Nominal Cost (2001)

$1.71

Adjusted For Inflation (2024 Dollars)

$3.04

Verdict: Inflation Trap

Ground Beef cost $1.71 in 2001. Adjusted for inflation, that's $3.04 today. The actual price today is $5.3977.6% more expensive.

⏱️ Labor Hours to Buy Ground Beef

2001

0.1

hours of median work

Today

0.1

hours of median work

In 2001, a median earner worked 0.1 hours to buy ground beef. Today, it takes 0.1 hours. It is 1.6x harder to earn.

📈 Ground Beef Price History

1984 2024