Meat is finally getting cheaper. But these other foods aren't

Within that category, meats overall dropped 0.9% with beef and veal down 2%, pork chops 1.1% cheaper, and hot dogs falling 1.5%.

 

By Danielle Wiener-Bronner, CNN Business

via WRCB-TV (TN) - January 12th 2022

 

Good news: After rising for months, meat prices are finally falling at the grocery store. Bad news: Many other staples are getting more expensive.

 

Prices for meat, poultry, fish, and eggs fell 0.4% from November to December, according to seasonally adjusted data from the Bureau of Labor Statistics.

 

Within that category, meats overall dropped 0.9% with beef and veal down 2%, pork chops 1.1% cheaper, and hot dogs falling 1.5%.

 

Not all individual meat items got cheaper, however. Breakfast sausages were up 1.4%, lunch meats got 2.7% more expensive, and chicken prices rose 0.3% in December.

 

And looking over the past year, meats, poultry, fish, and eggs got 12.5% pricier, with beef, veal, and bacon up 18.6%.

 

Experts note multiple challenges have contributed to higher meat prices, including labor shortages, supply chain issues, higher demand, and slower operations at meat plants due to new pandemic-era procedures. The Biden Administration recently unveiled a plan that includes investing $1 billion to boost competition in the meat industry and could help reduce prices in the long term.

 

While meat prices fell in December, other grocery staples got pricier...

 

more

https://www.wrcbtv.com/story/45639904/meat-is-finally-getting-cheaper-but-these-other-foods-arent