A pound of Oscar Mayer smoked bacon at the meat counter in a Colorado Target on Saturday, December 4, cost $11.99.
That’s up from just a year ago when the average was $5.56 per pound.
That’s not the only concern for American workers who want to bring home the bacon in the face of the highest inflation since Bill Clinton was in office.
Economists blame the higher prices for bacon—along with eggs, poultry, and other meats—on supply chain disruptions, along with the usual suspect, the Chinese Communist Party (CCP) Virus plandemic.
The sizzling bacon hike is blamed on the lower 2020 demand where farmers had to thin their herds to cut back on feed and maintenance costs.
Then there is another not-so-well-known pandemic, African swine fever.
Not widespread in the United States—yet—this always-fatal disease in pigs caused the global supply of bacon to fall, raising prices even more.
Animal rights activists don’t eat bacon, so they have pressured states like California, one of the country’s largest agricultural centers—to pass laws making chicken and hog farming more humane.
Those laws target so-called “factory farms” that keep animals in tiny cages prior to slaughter.
All that could drive up the farmers’ expenses, and meat suppliers will probably pass those higher costs to the consumers.
Then there’s the cost of driving around that 27-foot-long, 12-feet-high Oscar Mayer Wienermobile.
While food prices are soaring to a 5.3% inflation rate, gas prices have more than tripled in the last 18 months—and according to Fortune—they will probably go higher.
Again, one of the culprits is the pandemic.
While the economy has begun bouncing back, so has the price of a barrel of crude oil, which, back in April 2020, plummeted to less than $17.
Today, to OPEC’s delight, prices rebounded to just over $66 a barrel.
That higher cost has driven gas prices up past the $1 increase over the last year.
The average price for a gallon of gas in the U.S., according to the AAA, is about $3.36.
Millions of Californian car owners are charged almost $4.70 a gallon, unless they drive a gas-hog and need premium gas at just over $4.85.
Arkansas drivers pay just under $3.00 for a gallon of regular.
Adding to the problem are the motor vehicles that guzzle up all that gas.
New vehicle prices are up for the sixth month in a row.
According to this Road Show CNET article, the average new car in September cost over $45,000.
That’s up 12.1%, or over $4,800 from 2020.
If you can find one, the price of a used car has gone up by over 26%.
Higher prices for new cars have been caused in part by a microchip shortage, another unexpected outcome of the pandemic.
New vehicles have had to compete with everything else that runs on electronics.
Big chip manufacturers like Semiconductor Manufacturing Company and Samsung haven’t been able to keep up with the resurging demand.
Last year, consumers stopped buying everything, except home electronics.
Now that sales have returned, electronics manufacturers can’t get the microchips they need.
So, with rising food and energy costs today, we aren’t close to the Carter administration debacle of the late 1970s, when inflation hit double-digits.
Even so, considering what happened to Jimmy Carter, the biggest rise in the cost of living that affects every American should sound like a firebell to the Biden regime.
The Biden administration has already created or worsened two crises—one at our southern border, and the other during the withdrawal from Afghanistan.
Americans tend to forgive and forget mistakes in immigration and foreign policy.
John F. Kennedy survived the Cuban Bay of Pigs fiasco, for instance.
Nevertheless, economic discontent that affects everyone’s standard of living can ruin presidencies and drive majority political parties out of power.
In fact, Biden’s rating on the economy registers an almost 60% disapproval rating, according to liberal media NBC’s own poll.
Even majorities of Democrats, Republicans and Independents say that inflation is “a very big concern to me.”
There are, of course, economic forces beyond any president’s power to control inflation.
But “President“ Biden was elected on a platform of high taxes and government expenditures, and crippling fossil fuel production that has made the problem worse.