Bacon keeps getting more expensive – it now costs 13% more than last year, government data shows

Bacon
The price of bacon rose 13% year-on-year in May.

  • Bacon is way more expensive than it was a year ago.
  • The price of bacon has jumped 13% year-on-year, BLS data shows, and it rose 1.8% between April and May.
  • The consumer price index was up 5%, but signals suggest an inflation slowdown could be coming.
  • See more stories on Insider’s business page.

Bacon is now 13% more expensive than a year ago, according to the latest data from the Bureau of Labor Statistics (BLS).

And it’s not just shoppers facing higher prices: The owner of Burger King and Popeyes says prices for its key ingredients, including bacon, are rising, according to an internal report viewed by Bloomberg News.

The cost of bacon rose 1.8% between April and May, according to BLS data – this was a slower increase than March to April, when bacon prices jumped 3.4%.

Supply shortages and rising costs of pig feed were making pork products more expensive, Jayson L. Lusk, head of the Department of Agricultural Economics at Perdue, told the “Today” program in April.

The cost of other household staples has risen sharply, too. Over the past year, whole milk prices have risen 7.2%, beer 2.4%, and cigarettes 7.6%, the BLS data showed.

Whiskey has also climbed 3.7% in the past year, BLS data showed. It rose 0.7% from April to May, having fallen 0.2% in the previous month.

The overall consumer price index (CPI) rose 0.6% from April to May, and has surged 5% in the past year.

The monthly CPI jump was due mostly to a 7.3% rise in the cost of used cars and trucks, which accounted for about one-third of the seasonally-adjusted all items increase. Gasoline prices surged 56.2%, and car and truck rentals grew by 110% year-on-year.

As Insider’s Juliana Kaplan and Andy Kiersz reported, multiple under-the-radar signals suggest an inflation slowdown could be coming.

The 5% year-on-year inflation was the strongest since August 2008, and beat economists’ expectations. But annual price rises are measured against an unusually low base in May 2020, when most of the country was in lockdown.

The BLS figures showed that food away from home rose by 4% year-on-year. Restaurants are putting up the prices of menu items due to rising food costs and a labor shortage.

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The Whisky War: Why history’s most polite territorial conflict rages on

Hans Island Canada Greenland
A wide satellite image of Hans Island, an uninhabited rock in the Arctic subject to a territorial dispute between Canada, left, and Denmark, right.

  • In a remote section of the Arctic, there’s a whisp of land that is subject to protracted conflict over ownership.
  • There’s not much to say about Hans Island, but the debate between Canada and Denmark over who it belongs to stands out as one of history’s most polite disputes.
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Conflict over land is as old as recorded history, but the world has never seen another quite like the Whisky War. Wars have been fought, violently and continuously, over the rights to territories across the globe. In the case of Hans Island, however, the two countries at odds had a different way of staking their claim.

If you’ve never heard of Hans Island, it’s probably because, well, there’s not that much to say about it. The half-square-mile island sits directly in the middle of the Nares Strait, a 22-mile-wide waterway that separates the most northern land of Canada, Ellesmere Island, and Greenland, an autonomous Denmark territory.

Hans Island itself lacks any real natural resources or territorial advantages. It’s essentially a giant rock, and the only thing that keeps perpetuating the ownership debate is the fact that it sits within the 12-mile territorial limit of both Canada and Greenland, making it close enough that each country involved can claim it under international law.

It started in 1880, when Hans Island got lost in the shuffle of the British transferring remaining arctic territories to Canada. Due to the use of predominantly outdated, 16th-century maps, the small island was not explicitly included in the transfer, and as such wasn’t even recognized until decades later.

Hans Island

In 1933, Greenland was declared the rightful owner of Hans Island, by the ironically named Permanent Court of International Justice. This organization was dissolved within a few years of this decision and effectively replaced with the UN, and the aforementioned ownership resolution was deemed no longer valid, so Hans was once again up for grabs.

Both World War II and the Cold War took precedence over more trivial conversations, and even after a maritime border negotiation in the early 1970s, the territory still sat simmering on the back burner.

The best part of the history of Hans Island comes in 1984, when Canadian troops visited the island and left behind something distinct to the Great White North, an erected Canadian flag, a sign that read “Welcome to Canada” and a bottle of Canadian Club whisky.

Not wanting to show up empty-handed to the party, Greenland’s minister took a trip to the island soon after, removing and replacing all the Canadian offerings with their own flag, a bottle of Danish schnapps, and a sign that read “Velkommen til den danske ΓΈ” or “Welcome to the Danish Island.”

And thus began the first chapter of one of the most neighborly and hospitable disputes (or elaborate drinking games) in history, known as The Whisky War. Since then, there have been continued trips by both sides to collect and replace the other party’s goods, and while what happens to the alcohol when it’s taken off the island has never been confirmed, the assumption is someone is out there enjoying it.

In more recent years, both Canadian and Danish representatives have called for the island to be declared a shared sovereignty, but it remains unclear if and when any official resolution to the Whisky War has been reached. Lawmakers have even cited this ongoing discourse as setting an interesting precedent or subsequently having ramifications for border negotiations, particularly international ones.

All in all, few things make for a better story than two allied countries fighting a battle over land for more than three decades with welcome signs and booze.

Editor’s Note: While the word “whiskey” is commonly spelled with an “E” preceding the “Y” in the United States, the “E” is notably absent from the word in nations like Canada, where this story takes place. There actually is a defined difference between the terms, but colloquially, they are often used interchangeably.

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