President Trump on Thursday promised an imminent deal to lower the quickly rising price of beef.

Why it matters: As inflation picks back up, beef has been leading the surge, putting more pressure on the growing share of consumers who say it's gotten harder to afford groceries.

By the numbers: The average price of a pound of lean ground beef rose 12% so far this year and 38% versus five years ago, per the last government data released before the shutdown.

What they're saying: "We are working on beef. I think we have a deal on beef that's gonna bring the price of beef. That would be the one product that we would say is a little bit higher than we'd want it. Maybe higher than we want it," Trump said during remarks at the White House Thursday. • "And that's gonna be coming down pretty soo

See Full Page