In January 1980, when BLS started tracking the price of these commodities, ground chuck cost $1.82 per pound and bacon cost $1.45 per pound.
By this June 2014, ground chuck cost $3.91 per pound and bacon cost $6.11 per pound.
A decade ago, in June 2004, a pound of ground chuck cost $2.49, which means that the commodity has increased by 57 percent since then.
Bacon has increased by 78.7 percent from the $3.42 it cost in June 2004 to the $6.11 it costs now."
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