May 26, 2014: Memorial Day Bacon, Prices up 3% since January

MY LIFE WITH BACON continues this week, and I'm a day late with my post. However, it's Memorial Day and it feels like I should blog today. Bacon prices are soaring! Up a whopping 3% since january! However, as I've said before, I think that demand for bacon is pretty inelastic - it's not going to change much until bacon hits a big number. First, though, a shout-out to the fallen in all our wars. May you rest in peace. This great photo was taken at the wreath-laying ceremony at West Point, in 2012 by a blogger . BACON IN THE NEWS The top story is obviously the price of bacon, which continues to rise each week. Politico has an interesting article about the rising cost of the bacon cheeseburger. They just about come out and say it's a national emergency. They do say it's an all-out assault on the great American burger. Of course, that's just journalistic hyperbole. But the chart below certainly proves that the prices are going up. Inflation is i...