How much is a pound of bacon in 2021?
The average price for a pound of bacon was $7.27 in November 2021 compared to $7.32 in October, according to data published December 10 by the U.S. Labor Department’s Bureau of Labor Statistics (BLS) shows.
Is bacon so expensive?
But bacon is one of the products with the biggest jump in price. The cost of bacon has risen 28% over the last year. It’s now over $7 per pound, on average. The cost of bacon has gotten so high, that even independent butchers who source local meat are surprised.
Why are bacon prices so expensive?
Bacon prices hit record high amid supply chain disruptions, increased demand. … “While factors like increased consumer demand have played a role, the price increases are also driven by a lack of competition at a key bottleneck point in the meat supply chain: meat-processing,” according to a White House briefing.
How much was bacon in 2019?
Retail bacon prices averaged $5.61 in 2019, up 14 cents from 2018.
What happened to the price of bacon?
All pork, in fact, has gotten more expensive since the pandemic was declared. According to the Consumer Price Index, the price of pork has gone up 7% in the past 12 months, while the average price for bacon has increased by 28%, with costs soaring even higher than they did in the summer months.
Why are pork prices so high 2021?
“Prices have been driven up by strong domestic and international demand, labor shortages, supply chain disruptions, and high feed and other input costs,” the report said.