In the US, bacon prices soared to record levels and may not fall anytime soon

San Francisco bacon (CNN Business) is more expensive for Americans than it has been in 40 years. And yes, that's accounting for inflation. This craving for pork chops is costing about 7% more than 12 months ago. The average price of that piece of bacon to accompany the Sunday morning spread has risen by nearly 28 percent over the past 12 months, Consumer Price Index data shows. The supply chain problems and inflationary pressures that have become all too common in these pandemic times have certainly played their roles in the rises in pork prices, along with a huge sector-specific influence. President Joe Biden's administration, meanwhile, believes prices are high because some big companies control most of the market share and has hatched plans to level the playing field. By some analysts' expectations, higher prices are not expected to decline any time soon. The domestic pork supply chain was one of the most rapidly out of balance when the Covid-19 virus began to spread in the ...