What We're Showing
This graphic shows the rapid increase in U.S. beef prices, based on data from the Bureau of Labor Statistics via the Federal Reserve.
Key Takeaways
- Since August 2024, beef prices have increased by 13% for American consumers.
- Steak prices are up 16% annually due to low cattle inventory and strong demand.
- American beef production is set to fall 4% in 2025 and a further 2% in 2026.
