Overview

• Summer surge has driven supplier beef costs up roughly $1 per pound from a year ago, compounding a 50% jump since the shop’s 2024 reopening.
• U.S. government data show the average price of ground beef rose nearly 12% year-over-year to $6.12 per pound in June, while uncooked beef steaks climbed 8% to $11.49.
• Owner Ken Silver is currently absorbing higher wholesale costs to uphold Jim’s signature quality and customer expectations.
• If beef prices remain elevated beyond grilling season, the shop may raise its $13.49 cheesesteak price or adopt market-based pricing.
• Founded in 1976, Jim’s South St. reopened last year after a two-year fire closure and remains a cornerstone of Philadelphia’s food scene.