The 2023 Q1 DN Hamburger index is 115, meaning that the aggregated input costs for a ¼ lb hamburger is expected to be 15% higher in Q1 of 2023 than in Q4 of 2022, for a cost of $.70 per unit.
This 15% increase in input costs for a standard quarter pounder far outpaces price increases seen in other areas. For example, CPI for the past year measures 6.14% while US inflation measures at 6.45%. This dramatic increase in price has been driven by supply/demand factors in the key inputs, mainly ground beef.
The DecisionNext analytics platform has pre-built forecast models for over 250 commodity inputs ranging from beef and pork series to soy and corn. The DN hamburger index was calculated using the DecisionNext Transaction application. Using this fully customizable tool, you can forecast the aggregated input costs for any given recipe with ease.
Look for more useful indices from our library of pre-built recipes in future editions of The Formula, our monthly newsletter. To learn about a full list of finished goods indices, commodity series forecasts, and other decision support capabilities, book a demo with one of our experts using the contact button below.
