How Restaurants Are Responding to Rising Beef Prices

Beef prices are on the rise—and so is the cost of steak on your plate.

The price of beef is up 14.7 percent in 2025 compared to 2024, while overall food costs have increased by just 3.1 percent year over year, according to data from the Consumer Price Index. That ballooning figure has caused U.S. restaurants to increase the price of steak on their menus, The New York Times reported.

The price of USDA choice boneless steak, for example, has gone up by 20 percent this year, with the price…