Food Inflation: Beef, Pork And Shrimp Prices Soar To Record Highs

Food Inflation: Beef, Pork And Shrimp Prices Soar To Record Highs
Photo: Wikipedia Commons

Beef, Pork And Shrimp Prices Soar To Record Highs

It has previously been reported that beef and pork prices have been reaching all-time highs on an almost daily basis. What follows are charts showing beef, pork and shrimp prices. No matter what any government agency says about the low rate of inflation, these charts tell a different story.

Here is the current chart for beef prices:

Beef Prices through 03/31/2014
Photo: Wikipedia Commons

Beef Prices through 03/31/2014

Here is the current chart for pork prices:

Pork Prices through 03/31/2014
Photo: Wikipedia Commons

Pork Prices through 03/31/2014

Here is the current chart for shrimp prices:

Shrimp Prices through 03/31/2014
Photo: Wikipedia Commons

Shrimp Prices through 03/31/2014

With shrimp, prices have jumped to a 14-year high in recent months, spurred by a disease that’s ravaging the seafood’s population.

Restaurant chains, which are already struggling with shaky U.S. consumer confidence, are taking a profit hit as prices climb.

In March, shrimp prices jumped 61% from a year earlier, according to the U.S. Bureau of Labor Statistics. The climb is due mainly to a bacterial disease known as “early mortality syndrome”. While the ailment has no effect on humans, it’s wreaking havoc on young shrimp farmed in Southeast Asia.

Don’t be shocked the next time you go to the supermarket.

 

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