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Bacon is more expensive than it was a year ago, with prices up 6.9% from May 2023 to May of this year, according to inflation data from the Bureau of Labor Statistics. Pork chops were up too, by 4.6%.
But the food price inflation that stunned the U.S. — and other parts of the world — in 2021 and 2022 had complicated causes that are difficult to unwind, from the pandemic to the Ukraine war ...
Today’s bacon price is only 2% higher than it was at its peak during Trump’s presidency, in September 2017.
Beef prices are the hardest hit by inflation and are up 20.1%, while pork prices have increased 14.1%. The price of bacon and other meats is surging. Is there an end in sight?
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Food price inflation slowed in December 2022, although it continues to rise at a higher rate than most consumer goods, while prices of meat, poultry and eggs shot up for the month after declining ...
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Eating a quality home-cooked meal is becoming more of a luxury in 2022 as the prices of groceries continue to go up, according to the latest Consumer Price Index report released Thursday, October ...