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Shoppers in the meat aisle may have noticed something weird last month: Bacon prices are sizzling, but ham’s not so hot. What the price difference between ham and bacon tell us about inflation ...
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The national checkoff began in 1986 with a rate of 0.25% (25 cents per $100) that was increased to 0.35% in 1991, and to 0.45% in 1995. [6] As of 2017, the checkoff rate was 0.40% — 40 cents for every $100 at market rate — of the value of all pork products manufactured in the United States or imported into the country. [3]
Meat prices began to rise in late 1972. The consumer price index published by the U.S. Bureau of Labor Statistics attributed this price increase to poor weather conditions, which increased the price for grain and animal feed, rising domestic demand, and unusually high export demand for pork due to the dollar devaluation in mid-February. [2]
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The current spread accounts for about three-fourths of the retail price for a market basket of foods, according to USDA. The farm value varies for each type of food; for example, in 2004, it accounted for about 35% of the retail cost of eggs, compared to about 19% for fresh fruit and vegetables, and about 6% for cereal and bakery products.
Higher scores represent greater overall nutritional value. However, the actual algorithm, including the relative weights of the nutrients, was never disclosed to the public. [4] Broccoli, blueberries, okra, oranges, and green beans were some foods that received the best score (100) while ice pops and soft drinks received the worst (1). [1]
Consumer prices in China fell more than expected last month, sliding the country back into deflation and renewing concerns about the strength of the world’s second largest economy.