Beef prices are at a record high, and the cost of other staples, such as milk, butter, eggs, fruit and vegetables are climbing, according to CNNMoney. Caused by a severe drought in California, the price of a pound of ground beef has hit $3.55 a pound, a record high even when adjusted for inflation, according to government readings for February. That's up 56 percent since 2010, the article said. The average for round steak is at $5.28, among the highest prices seen in the last 20 years.