Inflation butchers your holiday roast! Bone-in rib eye DOUBLES in price to $16.99 per POUND while bacon, beef chuck and steaks reach highest price in a decade as 'meatflation' sets in across America
The price of a ribeye roast rose by 95% from $8.71 per lb last November to $16.99 per lb this week
Meat packers blame supply chain crunches and staff shortages for the sudden rise in prices
They say they were already struggling to attract workers before the pandemic, now must pay up to $20 an hour to compete for staff who don't want to work
They also want shipping companies to be forced to take their exports - rather than go for import jobs from Asia on non-perishable goods
The Biden administration says the companies are deliberately hiking prices out of greed, despite inflation being seen in all categories of consumer prices
Farmers are behind him, blaming 'big beef' for the rise in prices and not the fact that companies have rising costs
By Jennifer Smith, Chief Reporter For Dailymail.Com
Published: 11:41 EST, 9 November 2021 | Updated: 17:58 EST, 9 November 2021
Families hoping to tuck into prime rib roasts, juicy sirloins and filet mignon may have no choice but to swap out their holiday favorites with cheaper alternatives this year thanks to the latest victim of relentless inflation - America's meat.
Startlingly high prices are appearing in meat aisles across the country in what shoppers have begrudgingly come to know as 'meatflation.'
The reason for the spike in prices is a combination of supply chain crunches sparked by COVID backlogs, staffing shortages in meat plants and the fact that the few remaining workers there are not physically able to get through as much as they were previously because of constraining social distancing rules.
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https://www.dailymail.co.uk/news/article-10182019/Meatflation-sends-price-steaks-bacon-chuck-highest-decade.html
