Yeah, who doesn’t like bacon? Bacon sales in the U.S. rose 9.5 percent to $4 billion last year.
Some of that increase is no doubt due to the rising cost of pork.
Bacon has risen more than three times the rate of inflation since 2008, thanks in no small part to higher feed prices and a recent virus that’s killed more than 7 million piglets since last year.
That’s cut the pork supply in the U.S. by nearly 12 percent.
High demand + low supply = High prices.
According to the Bureau of Labor Statistics, bacon cost an average $6.11 a point, compared to $4.05 a pound in 2010.
So, chew on that. And pass the bacon.