Bacon has become a notably expensive breakfast choice, with prices rising nearly 20% compared to last year. A recent analysis highlighted that pork bacon prices increased by 5.7% from April to May 2024, and by 18% since May 2023. Factors influencing these price hikes include tariffs, rising wages, and fluctuations in supply and demand. Jim Eadie, founder of Swineweb.com, indicated that these elevated prices might persist due to the overall cost of production in the pig industry.
Prices for bacon vary widely across the United States, ranging from approximately $4.03 per pound in Dallas to over $7.00 in Los Angeles. The introduction of California’s Proposition 12 in 2022, which established minimum living standards for farm animals, has also contributed to higher pork prices.
In contrast, egg prices have recently shown a decline, dropping by 6.6% from April to May 2024, even though they remain 41% higher than in May 2023. Despite the drop, eggs remain less expensive compared to bacon, making bacon the pricier breakfast choice. This shift may change consumer preferences as they navigate rising food costs in their grocery budgets.
Overall, the current economic landscape indicates that bacon prices are influenced by multiple factors and may not return to previous lower levels, creating a new distinction in breakfast pricing as consumers reconsider their choices.
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