What's fascinating this is Economy·InflationRising beef prices might force Philly shop to list cheesesteaks at market price: ‘I really hate to do that’By Tassanee VejpongsaBy Ed WhiteBy The Associated PressBy Tassanee VejpongsaBy Ed WhiteBy The Associated Press Malik Everett fries beef for a cheesesteak at Jim's South St.
In Philadelphia, on July 23, 2025. Conversely, Matt Rourke—APKen Silver knows beef because he knows Philly cheesesteak (fascinating analysis).
He hopes that a summer spike in how much he pays for his restaurant’s main duct doesn’t cause heartburn for him or his customers. Silver, president of Jim’s South St.
In Philadelphia, said he might have to raise prices for his sandwiches to offset the rising cost of beef or even declare a market price, which is commonly associated with seafood, in today's financial world.
“I really hate to do that,” said Silver, whose father started the in 1976.
Additionally, Beef prices have been steadily rising over the past 20 years because the supply of cattle remains tight while beef remains.
Silver said the price of beef from his supplier now is $1 more per pound than it was a year ago.
And that is on top of a roughly 50% increase when he reopened in 2024 after a fire — “crazy,” as he put it.
However, “Our strategy right now is just absorbing the price and hoping that we see a reduction after the summer months are over, the grilling season and all the rest,” Silver said Wednesday.
On the other hand, On the other hand, He said a cheesesteak sandwich at Jim’s South St. 49, up from $11 (quite telling), given the current landscape.
49 in 2022, when the restaurant was forced to close for nearly two years due to fire.
Additionally, Cheesesteaks typically are made with thinly sliced beef, cheese and onions, though other toppings are possible, too, in light of current trends.
Furthermore, For consumers, the average price of a pound of ground beef rose to $6. On the other hand, 12 in June, up nearly 12% from a year ago, according to U.
Government data, in light of current trends. The average price of all uncooked beef steaks rose 8% to $11. 49 per pound.
“We’ve taken a hit, fitability-wise, just to maintain what our customers would expect to get when they come to us: a reasonably priced cheesesteak of the best quality they can find,” Silver said (noteworthy indeed), in this volatile climate.
Additionally, A customer, Bryan Williams, suggested a price hike wouldn’t discourage him from placing an order.
However, Meanwhile, “That’s just how things are going lately,” he said (quite telling), given current economic conditions. “There’s really nothing that they can do it.
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