What Will Bacon Cost In 2020?

The average price for a pound of bacon was $6.346 in May 2021 compared to $6.215 in April, according to data published June 10 by the U.S. Labor Department’s Bureau of Labor Statistics ( BLS) shows.

But did you know that, according to the Wall Street Journal, Costco’s bacon is 20% cheaper than comparable brands? To put it another way, this essentially means that if you choose Costco over another brand, you’ll get 12 ounces of the 64 in each four-pound bag for free.

The mid-1980s saw bacon prices finally crest above the $2 mark, which likely accounted for some sticker shock at the supermarket for bacon fans. But did that stop us from buying it?

The highest rated original bacon slabs on Amazon.com, for example, retails for close to $11 per pound. BaconPro keeps up with the retail price, showcasing the bacon price averages throughout the United States .

How much is bacon in 2021?

Bacon Prices By Year And Adjusted For Inflation. The average price for a pound of bacon was $6.67 in June 2021 compared to $6.346 in May, according to data published July 13 by the U.S. Labor Department’s Bureau of Labor Statistics ( BLS) shows.

First, consider these facts from the table above: The average annual price for Bacon in 1980 was $1.46 per pound. The annual average CPI for Bacon in 1980 was 73.5. The annual average CPI for Bacon in 2020 was 310.531.

Bacon in the CPI. Bacon is one of many food items the BLS scrutinizes for pricing changes. The BLS uses it along with many other prices for goods and services to produce the closely-watched Consumer Price Index (CPI) and calculate the overall inflation rate.

Bacon is staple food for many who pair it with eggs for breakfast. The average American consumes 18 pounds of bacon annually, according to the Foundation for Economic Education (FEE). As displayed in the table below, the cost of bacon was at its highest in 2014.

Bacon, like any other single consumable item, does not bear much of any importance when compared to the big, all -encompassing CPI which encapsulates the entire food grouping along with cost changes for things like energy, health care, shelter, cars and trucks.

What is the flavor of bacon?

Commonly found flavors often include smoked bacon, which as the name implies, is a bacon that mimics a smoke-like flavor. Depending on the brand, the manufacturer may use liquid smoke to speed up the process of it may be smoked naturally with wood-smoked flavors such as apple wood or cherry wood. Aside from smoked flavors, bacon may also be spiced with flavorings such as brown sugar or even a Cajun spice, for instance. Additives to look out for, depending on the brand, may or may not include salt, nitrites or artificial flavorings.

The standard thickness, sliced roughly 1/16-inch thick are sliced into strips and is ideal for your standard pan frying.

Lastly, a thick-cut bacon, often used for pasta or soups, measures 1/8 of an inch and can take twice as long to cook.

Additives to look out for, depending on the brand, may or may not include salt, nitrites or artificial flavorings.

In essence, bacon is cured pork, which involves salt and sugar and is often a smoked product. As the pork belly cures, the moisture, as time goes on, will draw out the harmful bacterial growth, encouraging benign bacteria to grow, which creates an acidic-like environment.