A picture is circulating it’s way through social media, regarding the price for a pack of chicken wings at a local Schnucks. Unfortunately, meat is expected to continue to rise due to labor shortages and the worldwide inflation crisis.
According to the Bureau of Labor Statistics meat prices has increased by 11.9% for poultry, fish and eggs. This is fastest and biggest increase since December 1990. Today the price of beef jumped up to 20.1% and pork up 14.1%, Economists believe that inflation will stick around longer than expected. The biggest increase was beef roasts and uncooked beef steaks it increased 24.9% and 24.2%. Community it’s imperative that you start saving now.
We will keep a close eye on the economy as things unfold.