Bacon Prices in the United States from 2020 to 2025

 Key Points

  • Bacon prices in the US have fluctuated from 2020 to 2025, with research suggesting an overall upward trend despite some yearly variations.

  • It seems likely that prices increased from $5.58 per pound in 2020 to an estimated $6.95 per pound in 2025, based on available data and trends.

  • The evidence leans toward a peak in 2022 at $7.31 per pound, with a dip in 2023 to $6.65, reflecting market dynamics.

Price Overview

Bacon prices in the United States have shown notable changes from 2020 to 2025, influenced by factors like inflation, demand, and supply chain issues. Below is a summary of the average retail prices per pound, based on data from the Bureau of Labor Statistics (BLS) and estimates for 2025:

Trends and Insights

From 2020 to 2021, prices jumped significantly from $5.58 to $6.64, likely due to pandemic-related demand spikes. They peaked at $7.31 in 2022, but dropped to $6.65 in 2023, possibly due to market corrections. Prices then rose slightly to $6.78 in 2024 and are estimated to reach $6.95 in 2025, suggesting a gradual increase. This reflects broader economic factors like inflation and production costs.

Detailed Analysis

This section provides a comprehensive examination of bacon prices in the United States from 2020 to 2025, drawing on data from reliable sources such as the Bureau of Labor Statistics (BLS), the Federal Reserve Economic Data (FRED), and market analysis reports. The analysis aims to offer a thorough understanding of price trends, influencing factors, and projections, ensuring a complete picture for readers interested in economic and consumer trends.

Data Collection and Sources

The primary data for annual average prices from 2020 to 2024 was obtained from the U.S. Inflation Calculator BLS Annual Average Bacon Prices, which references BLS data for sliced bacon per pound in the U.S. city average, not seasonally adjusted. This source provided consistent annual averages, ensuring comparability across years. For 2025, due to the current year being March 10, 2025, complete annual data is unavailable, so an estimate was derived based on recent monthly data from FRED FRED Bacon Price Series and market trends.

Annual Price Trends (2020–2024)

The following table summarizes the annual average prices, highlighting year-over-year changes:

The data shows a sharp increase from 2020 to 2022, with a peak in 2022 at $7.31 per pound, followed by a dip in 2023 to $6.65, and a small rise in 2024 to $6.78. This pattern suggests a complex interplay of economic factors, including inflation, consumer demand, and supply chain dynamics.

2025 Estimate

For 2025, given the current date of March 10, 2025, complete annual data is not yet available. To estimate the average price, recent monthly data from FRED was analyzed. The latest available prices include:

  • October 2024: $6.869

  • November 2024: $6.843

  • December 2024: $6.915

  • January 2025: $7.044

Calculating the average of these four months (October 2024 to January 2025) gives (6.869 + 6.843 + 6.915 + 7.044)/4 = 27.671/4 ≈ $6.91775, or approximately $6.92. Considering the trend of a 1.8% increase from December 2024 to January 2025 ($6.915 to $7.044), and assuming a 3% annual increase based on recent trends, the estimated average for 2025 is set at $6.95. This estimate aligns with the observed gradual upward trend and accounts for potential seasonal variations.

Influencing Factors

Several factors likely influenced these price changes:

  • 2020–2021: The COVID-19 pandemic increased demand for home-cooked meals, including bacon, while supply chain disruptions raised costs, leading to a 19.0% price jump from 2020 to 2021.

  • 2022: Continued inflation and higher production costs, including feed and labor, drove prices to a peak of $7.31, reflecting broader economic pressures.

  • 2023: A decrease to $6.65 may indicate market corrections, possibly due to stabilized supply chains or reduced demand growth, though exact causes require further analysis.

  • 2024: A modest 2.0% increase to $6.78 suggests stabilization, with inflation moderating but still impacting prices.

  • 2025 Projection: The estimated $6.95 reflects ongoing inflationary pressures and potential demand stability, though market reports suggest a 3–4% CAGR for the bacon market, supporting the upward trend Global Bacon Market Forecast.











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