4 ms·
Charts can lie. Whether or not you can buy bacon* or gas is real. *substitute with whatever staple you wish. I used bacon here since it's historically a workin
by kradeelav 4y ago
Charts can lie. Whether or not you can buy bacon* or gas is real.
*substitute with whatever staple you wish. I used bacon here since it's historically a working class' person's meat.
- deleted 4y ago[deleted]
- Red_Leaves_Flyy 4y agoBacons a funny commodity, I don’t track the futures of it but always look at the grocery store. Pre pandemic bacon was around 2-3/lb for the cheap stuff, 4/lb for quality, and 6/lb for the niche products. I’ve seen these prices double since January this year and some products are up more than 400%. If this isn’ta sure sign of a serious problem I don’t know what would be.
- jimmygrapes 4y agoPurely anecdotal but I remember buying 16pz packs of bacon for 1-2 dollars (in a large California city) for awhile, then this phenomenon called "Epic Meal Time" came about and Denny's was making bacon milkshakes and the Internet zeitgeist collectively went "lmao BACON!!" and soon after I was paying 4 dollars per pound. Supply and demand, maybe, sure. In my opinion, it was just demand and marketing. NOW it's supply and demand, though.
- Kon-Peki 4y agohttps://beta.bls.gov/dataViewer/view/timeseries/APU0000704111 https://beta.bls.gov/dataViewer/view/timeseries/APU000070411... Government price data for bacon goes back to 1980. PS - there are other price series about bacon, including regional prices: https://beta.bls.gov/dataQuery/find?removeAll=1&q=Bacon https://beta.bls.gov/dataQuery/find?removeAll=1&q=Bacon
- Red_Leaves_Flyy 4y agoGreat contribution! Thank you! That website is arcane but the data is fantastic.