Bacon-mania may be sweeping the food industry, but how much longer can that continue with the price of the popular pork product soaring? The Huffington Post reported the price of bacon is at an all-time high, statistics from the Bureau of Labor Statistics indicate. In June, a pound of bacon rose 6 cents, upping the cost to $6.11 per pound in American cities.
While 6 cents won't break anyone's piggy bank, this recent price hike comes as the latest in a dramatic rise over the past two years. Bacon today costs 14 percent more than it did this time last year and 41 percent more than June 2012, when there was an impending “Baconpocalypse.”
In fact, the Huffington Post noted the price of bacon today is 21 percent higher than its peak price in 1982 after adjusting for inflation.
Credit to IBtimes.com
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