Bacon and Hot Dog Prices Are About to Spike, Experts Say
More than a year has passed since the onset of the COVID-19 pandemic, but grocery shoppers continue to be impacted by shortages of household staples. And the latest supply chain disruption may throw a wrench in your plans for barbecues and other outdoor gatherings this summer. That's because two seasonal staples—hot dogs and bacon—are going to be more expensive this year, according to experts.
Sales, as well as the price of meat, went up last year as more Americans found themselves suddenly cooking dinner at home, and supply chains were upended. Experts told Business Insider that the "after-effects of last year's disruption" will keep both bacon and hot dog prices high through the summer as demand increases amid a low supply. During these disruptions, consumers are also likely to see "fewer discounts." Separately, Bloomberg reports that farmers are now paying 30% more to feed their herds. (Related: Grocery Shortages To Expect in 2021, According to Experts)
"The whole supply chain has really been squeezed, and unfortunately it does not look like this is going to be something that improves between here and early summer," Isacc Olvera, a food and agriculture economist at the supply chain company ArrowStream, said.
The best way to combat the price increases is to stock up if you do happen to stumble upon a good deal. Meat can easily be frozen and thawed for consumption at a later route. Another route? Trying out meat alternatives—here are our editor's favorites.
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