{"id":1620441,"date":"2022-08-23T13:32:00","date_gmt":"2022-08-23T17:32:00","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1620441"},"modified":"2022-08-23T13:32:03","modified_gmt":"2022-08-23T17:32:03","slug":"steak-is-now-less-expensive-as-inflation-pushes-consumers-toward-cheaper-protein","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/steak-is-now-less-expensive-as-inflation-pushes-consumers-toward-cheaper-protein\/","title":{"rendered":"Steak Is Now Less Expensive As Inflation Pushes Consumers Toward Cheaper Protein"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fsteak-is-now-less-expensive-as-inflation-pushes-consumers-toward-cheaper-protein%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1620441&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Steak <a href=\"http:\/\/dailywire.com\/topic\/inflation\" target=\"_blank\" rel=\"noopener\">prices<\/a> are trending downward as consumers appear to be favoring cheaper forms of <a href=\"https:\/\/www.dailywire.com\/topic\/meat\" target=\"_blank\" rel=\"noopener\">protein<\/a>.<\/p>\n<p>Though overall food prices have increased 10.9% from July 2021 to July 2022, prices for uncooked beef steaks have decreased 1.2% over the same period, according to data from the <a href=\"https:\/\/www.bls.gov\/regions\/mid-atlantic\/data\/averageretailfoodandenergyprices_usandmidwest_table.htm\">Bureau of Labor Statistics<\/a>, while prices consumers are paying for sirloin steaks and round steaks have fallen 1.4% and 2.6%, respectively.<\/p>\n<p>Although the downward movement may appear to be positive news for American households, other categories of meat and poultry have trended upward. A whole chicken is 3% more expensive, chicken breast is 0.9% more expensive, and pork chops are 2.6% more expensive. Prices for grade A eggs have likewise risen 8.5%.<\/p>\n<p>\u201cThe demand for chicken is extremely strong,\u201d Tyson CEO Donnie King <a href=\"https:\/\/www.wsj.com\/articles\/tyson-sales-up-8-on-higher-chicken-prices-11659962463?mod=article_inline\">told<\/a> analysts earlier this month, noting that average sale prices for beef are falling as customers select cheaper cuts.<\/p>\n<p>Indeed, families have been <a href=\"https:\/\/www.dailywire.com\/news\/walmart-ceo-inflation-will-be-with-us-basically-forever-at-some-level\">adjusting consumption habits<\/a> as inflation continues to outpace wage increases. Walmart CEO Doug McMillon noted that the grocery giant is finding more consumers among wealthier families struggling to contend with higher prices.<\/p>\n<p>\u201cRight around the middle of the first quarter is when we saw food inflation reach a level where behavior started to change,\u201d McMillon explained to CNBC. \u201cIt got to a level where people making less than $50,000 household income started behaving differently, and then to the $75,000 level and then to the $100,000 level.\u201d<\/p>\n<p>In a <a href=\"https:\/\/www.dailywire.com\/news\/americans-changing-the-way-they-buy-groceries-as-inflation-soars-study-finds\">survey<\/a> conducted by BMO and Ipsos earlier this summer, 42% of respondents indicated that they \u201care changing how they shop for groceries\u201d by choosing cheaper items, avoiding brand names, or buying only essential items. Meanwhile, 31% are driving less to offset elevated gas prices, 23% are trimming vacation budgets, and 22% are canceling subscription services.<\/p>\n<p>President Joe Biden <a href=\"https:\/\/www.dailywire.com\/news\/biden-signs-740-billion-inflation-reduction-act\">signed<\/a> the Inflation Reduction Act earlier this month in a purported effort to slash prices for consumers. Yet administration officials have pointed to renewable energy tax credits as a primary mechanism through which Americans can experience relief from higher prices.<\/p>\n<p>\u201cIf you are low income, you can get your home entirely weatherized through the expansion from the bipartisan infrastructure laws,\u201d Energy Secretary Jennifer Granholm <a href=\"https:\/\/www.dailywire.com\/news\/they-dont-know-how-they-sound-critics-roast-energy-secretary-for-telling-poor-people-to-buy-solar-panels\">said<\/a> this weekend on Fox News. \u201cIf you are moderate income, today you can get 30% off the price of solar panels. Those solar panels can be financed, so you don\u2019t have to have the big outlay at the front \u2026 If you don\u2019t qualify for the weatherization program, you will be able to, starting next year, get rebates on the appliances and equipment that will help you reduce your monthly energy bill by up to 30%. That is all about reducing costs for people.\u201d<\/p>\n<p>Critics noted, however, that a 30% tax credit would leave struggling homeowners liable for 70% of an expense that they are not presently able to afford. Granholm has nevertheless said that the \u201conly way out\u201d of \u201cboom-and-bust cycles\u201d in energy prices is greater adoption of renewable sources.<\/p>\n<p>\u201cThe real truth is that as long as our nation remains overly reliant on oil and fossil fuels, we will feel these price shocks again,\u201d Granholm <a href=\"https:\/\/www.dailywire.com\/news\/energy-secretary-lays-out-the-only-way-to-avoid-high-gas-prices-and-its-not-producing-more-oil?fbclid=IwAR1Cc9CsrYptSBtkmkYmredgSlRdFYFiX554Ytn9VTLPAxFihVOXh2biE5Y\">asserted<\/a> earlier this summer. \u201cThis is not going to be the last time. The next time there\u2019s a war, the next time there\u2019s a pandemic or another hurricane, these extreme weather events we are experiencing \u2014 they will impact the access that we have to fossil fuels.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Steak prices are trending downward as consumers appear to be favoring cheaper forms of protein. Though overall food prices have increased 10.9% from July 2021 to July 2022, prices for uncooked beef steaks have decreased 1.2% over the same period, according to data from the Bureau of Labor Statistics, while prices consumers are paying for &#8230;<\/p>\n","protected":false},"author":1,"featured_media":460573,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1620441","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1620441","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1620441"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1620441\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/460573"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1620441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1620441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1620441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}