An increase in protein prices

By PSU EcoMerge Capstone - 11:12 PM

Among other things, protein prices have increased drastically in the last 10 years. Check out these seven items:


What Was The Price Of These 21 Everyday Items 10 Years Ago?
 (Photo: beefproducers.com)

GROUND BEEF [PER LB.]

2002 Average – $2.28
2012 Average-$3.69
Percent Increase:

61%


What Was The Price Of These 21 Everyday Items 10 Years Ago?
 (Photo: baconnation.com)

BACON [PER LB.]

2002 Average – $3.23
2012 Average-$4.52
Percent Increase:

39%



What Was The Price Of These 21 Everyday Items 10 Years Ago?
(Photo: thedailygreen.com)

TURKEY, WHOLE [PER LB.]

2002 Average – $1.05
2012 Average-$1.65
Percent Increase: 

56%



What Was The Price Of These 21 Everyday Items 10 Years Ago?
 (Photo: Shutterstock.com)

BEEF STEAKS [PER 16 OZ.]

2002 Average – $4.40
2012 Average-$6.22
Percent Increase: 

41%


What Was The Price Of These 21 Everyday Items 10 Years Ago?
 (Photo Credit: milk.com)

MILK, FRESH, WHOLE, FORTIFIED [PER GAL.]

2002 Average – $2.75
2012 Average-$3.47
Percent Increase:

26%



What Was The Price Of These 21 Everyday Items 10 Years Ago?
 (Photo Credit: thedailygreen.com)

 PEANUT BUTTER [PER LB.]

2002 Average – $1.96
2012 Average-$2.75
Percent Increase:

40%


What Was The Price Of These 21 Everyday Items 10 Years Ago?
( Photo Credit: thedailygreen.com)

EGGS, GRADE A, LARGE [PER DOZ.]

2002 Average – $1.03
2012 Average-$1.80
Percent Increase:

73%



If we compare the prices of groceries now, with groceries during the 1970's and 1980's, we can see a huge increase:


Standard Grocery List For The Year 1970 

ITEM UNIT COST TOTAL COST AVERAGE WEEKLY SALARY
1 pound apples  $0.25 $0.25
2 pounds roast  $1.02 $1.04
3 pounds steak  $1.54 $4.62
1 pound bread  $0.29 $0.29
1 pound butter  $0.88 $0.88
3 pounds chicken  $0.46 $1.38
1 pound coffee  $0.91 $0.91
1 dozen eggs  $0.67 $0.67
2 half gallon milk  $0.72 $1.54
bushel of potatoes  $0.94 $0.94
1 pound rice  $0.22 $0.22
1 pound sugar  $0.13 $0.13
TOTAL $12.87 $147.28
Cost of Food as a Percent of Weekly Income: 8.7% 



Standard Grocery List For The Year 1980 

ITEM UNIT COST TOTAL COST AVERAGE WEEKLY SALARY
1 pound apples  $0.33 $0.33
2 pounds roast  $1.88 $3.76
3 pounds steak  $3.80 $11.40
1 pound bread  $0.52 $0.52
1 pound butter  $1.99 $1.99
3 pounds chicken  $0.77 $2.31
1 pound coffee  $2.19 $2.19
1 dozen eggs  $0.91 $0.91
2 half gallon milk  $1.08 $2.16
bushel of potatoes  $2.20 $2.20
1 pound rice  $0.52 $0.52
1 pound sugar  $0.55 $0.55
TOTAL $28.84 $301.52
Cost of Food as a Percent of Weekly Income: 9.6% 

THE AVERAGE YEARLY SALARIES OF ALL INDUSTRIES EXCLUDING FARM LABOR:




1970$7,679 1980$15,721
1971$8,144 1981$17,144
1972$8,634 1982$18,331
1973$9,154 1983$17,420
1974$9,867 1984$18,200
1975$10,655 1985$18,980
1976$11,430 1986$21,699
1977$12,222 1987$22,629
1978$13,143 1988$23,794
1979$14,310 1989$22,256 

http://web.bryant.edu/~ehu/h364proj/sprg_97/hurley/salary.html

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