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🥩 Price of Ground Beef in 2002

Nominal Cost (2002)

$1.71

Adjusted For Inflation (2024 Dollars)

$2.99

Verdict: Inflation Trap

Ground Beef cost $1.71 in 2002. Adjusted for inflation, that's $2.99 today. The actual price today is $5.3980.5% more expensive.

⏱️ Labor Hours to Buy Ground Beef

2002

0.1

hours of median work

Today

0.1

hours of median work

In 2002, 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