Ground beef · per lb · 1938 Estimated
This figure may be significantly off. It is projected back 46 years from the first recorded price, using general inflation. Items do not track inflation evenly — groceries in particular were far more expensive relative to other goods before modern agriculture, so a figure this old can understate the real price by two-fold or more. Use it for a sense of scale, not as a historical price.
$0.18in June 1938 — about $4.23 in today's money.
- Price in 1938$0.18
- Same money today$4.23
- Actual price now · June 2026$6.83
- Change since 1938+3726%
Price history
Record & method
No price was recorded for 1938. This figure is estimated: we took the earliest observed price (January 1984) and moved it back along the category inflation curve — a back-cast of 46 years. The further back it reaches, the less it should be trusted. Treat it as an approximation, not a historical fact.
- Source
- U.S. Bureau of Labor Statistics via FRED. Public domain.
- Series
- APU0000703112
- Estimated for
- June 1938
- Coverage
- January 1984 – June 2026
- Adjusted by
- CPIAUCNS · 14.1 → 333.952 (June 2026)
- Back-cast
- 46 years before the first record · very low confidence
- License
- Public domain