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The junior Chipmunk meeting went well, with Beef at $0.68 a pound in the fifties, reflecting high inflation. The current average price is about $5.30 per pound in the US. Inflation hit a record high in June 2022, with prices soaring by 9.1% compared to the previous year. Wages are not keeping up with inflation, causing challenges for American families. As of November 2022, inflation is at 7.1%, with two-thirds of workers feeling the impact of rising prices.