Ground beef · per lb · 2016 Verified
$3.73in June 2016 — about $5.17 in today's money.
- Price in 2016$3.73
- Same money today$5.17
- Actual price now · June 2026$6.83
- Change since 2016+83%
Priced in working time
- Work to buy in 2016 · the federal minimum wage was $7.25/hour31 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 2016; we have not adjusted the figure.
- Source
- U.S. Bureau of Labor Statistics via FRED. Public domain.
- Series
- APU0000703112
- Observed
- June 2016
- Coverage
- January 1984 – June 2026
- Adjusted by
- CPIAUCNS · 241.018 → 333.952 (June 2026)
- License
- Public domain