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Story summary
- US food prices rose 33% over seven years, the largest increase in five decades.
- Ground beef reached $6.82 per pound in June 2026, a 79% rise since 2019.
- Douglas Holtz-Eakin of the American Action Forum attributes the spike to shrinking cattle herds and the 2022 Ukraine war’s disruption.
- The Economic Research Service projects food prices will rise 3.1% in both 2026 and 2027.
