Today, the price of beef is at a record high in America as cattle inventory hits its lowest point in nearly 75 years.

Since July 2020, ground beef prices have spiked 48% while steak is up 41%. For perspective, consumers are spending about 25% more for food at home compared to five years ago.

This graphic shows the rapid increase in U.S. beef prices, based on data from the Bureau of Labor Statistics via the Federal Reserve.

🔗 visualcapitalist.com