Consumers trade meat for vegetables as food costs rise

Consumers trade meat for vegetables as food costs rise

ALEXANDRIA, VA – Americans are heading to plant life patterns To offset the skyrocketing cost of meat, according to a Bloomberg report. Although vegetarian and vegan have gained popularity over the past few years, the reason people have recently turned to these ways of eating is because they are more concerned about raising their money than they are about health, ethical, and environmental concerns.

The cost of meat, including beef, fish and poultry, rose 8.8% year over year in the past month. A pound of steak is $9.54, which is a 25% increase since August 2019. Bacon costs 12% more than it did last summer.

One woman, who lives in Atlanta, said she had been replacing milk with vegan creamers and chicken nuggets for a vegan version six months ago, so she didn’t care about meat prices. When she checked a box of chicken she was buying, the price went from $13 to $20. Seeing this made her decide to give up meat when she cooked at home. Often times the non-meat alternative to meat products is more expensive than the meat itself, so Parish makes pizza without pepperoni or eats burritos filled with vegetables.

“It’s better for the environment, and it’s cheaper,” she told Bloomberg.

A single mom in Chicago said the increase in the cost of meat was the reason for her switching to a vegetarian. A few months ago, she began cutting back on her purchases of chicken, salmon, and shrimp from the grocery store where she saw prices rise, but in July, she reached her breaking point and cut meat out of her diet entirely, unless there was a sale. At the store or visiting her parents for a home-cooked meal. She still buys chicken nuggets for her 11-year-old daughter.

some families BECOME MORE CREATIVE to lower their purchase bill, reports The Washington Post. One family bought half a cow and a whole pig, as well as a refrigerator for keeping all the meat. They saw their grocery bill range from $200 to $125 after they stopped buying meat at the grocery store.

Even small families use this method to cut costs. A husband and wife in Oklahoma City bought a chest freezer and filled it with a quarter of a cow from a nearby farm. The couple paid $875 for 175 pounds of grass-fed Black Angus beef.

“Now instead of $15 a pound for rib steak, it’s going to be $5 a pound,” the pair told The Post. “This way we don’t have to worry about high prices or low availability. It made perfect sense for us.”

“With prices up at the meat counter, there was definitely more direct interest from consumers,” Jess Peterson, senior policy adviser to the American Cattlemen’s Association and a rancher in southeastern Montana, told the newspaper. “Our price points are still lower than what someone would pay in a store.”

Meat sold directly to the consumer is much cheaper than buying on grocery store shelves. The Post reports that most of the cattle come from family-owned farms, but are then sold to feed lots where they are fattened up before being sold to a meat processor. Four meatpacking companies — Cargill, JBS, Tyson Foods and National Beef Packing — process approximately 85% of beef from US feed rations.

Inflation rose last month by 8.3% during August 2021 but slowed slightly compared to 8.5% in July and 9.1% in June. However, when looking at the core CPI, which excludes energy and food prices, inflation rose 6.3% year over year, up sharply from 5.9% in July and June.

On a monthly basis, core CPI rose 0.6% in August, double the pace of July. Core inflation is closely watched by investors and policymakers because it can replace core broad inflation and future inflation forecasts.

Gasoline prices fell 10.6% in August, but higher prices for food, new vehicles, medical care, education, electricity and natural gas offset the decline in fuels. Food and new car costs rose 0.8% in August compared to July.

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