Seasonal dips in ground beef prices lower the cost of Memorial Day burgers
Memorial Day weekend kicks off the barbecue season for many Americans, and a grilled burger topped with cheese is a holiday staple. Using price data from the U.S. Bureau of Labor Statistics, ERS calculated the average national cost of a home-cooked cheeseburger. The cost was found to vary seasonally, usually decreasing in February, May, and June while reaching annual peaks in November or December. Most of the seasonal variation is due to the changes in beef prices. The April 2013 cost of $2.07 for a home-prepared cheeseburger is up 61 percent since 2000, while overall food-at-home prices have increased 41 percent in that time. Much of that difference is due to the strong beef price inflation of recent years resulting from low cattle inventories and high feed prices. More information on food price changes and forecasts can be found in ERS’s Food Price Outlook data product.