Ground beef · per lb · 1994 Verified
$1.51in June 1994 — about $3.41 in today's money.
- Price in 1994$1.51
- Same money today$3.41
- Actual price now · June 2026$6.83
- Change since 1994+352%
Priced in working time
- Work to buy in 1994 · the federal minimum wage was $4.25/hour21 min
- Work to buy today · at $7.25/hour (2026)57 min
Observed price divided by the observed wage for the same year — nothing here is back-cast. See the minimum wage record →
Price history
Record & method
This is an observed price. The U.S. Bureau of Labor Statistics recorded it in June 1994; we have not adjusted the figure.
- Source
- U.S. Bureau of Labor Statistics via FRED. Public domain.
- Series
- APU0000703112
- Observed
- June 1994
- Coverage
- January 1984 – June 2026
- Adjusted by
- CPIAUCNS · 148 → 333.952 (June 2026)
- License
- Public domain