The price of chicken has skyrocketed over the last few years, and if you’re a regular consumer of this protein, you must be wondering – how much is chicken really costing you? In this article, we’ll investigate the factors contributing to the rising cost of chicken, how it affects the economy and consumers, and what measures you can take to save some money without sacrificing quality.
Why is chicken becoming more expensive?
Chicken is a popular source of protein all over the world, and it’s no surprise that its demand is growing. However, several factors have contributed to the skyrocketing cost of chicken in recent years.
The growing popularity of chicken in diets all over the world has led to a surge in demand, and this has come at a cost. Large corporations who control the majority of the chicken production industry have been forced to increase their supply, often at the expense of chicken’s health and quality.
Rising costs of production
The cost of producing quality chicken has gone up due to several factors, such as labor costs, energy, and feed. These expenses are passed on to consumers in the form of higher prices.
Supply chain disruption
The Covid-19 pandemic has contributed significantly to the supply chain disruption, causing a shortage of chicken in the market. This shortage has directly resulted in higher prices of chicken to cope with the shortage of supply.
The impact of rising chicken prices
The increasing cost of chicken and other food items can negatively affect the economy and consumers’ pockets.
Reduced disposable income
When food prices go up, consumers are left with less disposable income to spend on other essential items. This has a significant impact on low-income households, who struggle to meet their daily nutritional needs.
The high price of chicken is passed on to other products and services, leading to a general rise in prices, which can contribute to inflation, further reducing the purchasing power of consumers.
Food insecurity refers to the lack of regular access to nutritious food to maintain an active and healthy lifestyle. For low-income households, rising chicken prices can make it even more difficult to access healthy, protein-rich food regularly, contributing to food insecurity problems.
What can consumers do to save money?
Fortunately, there are some ways you can save money on your chicken purchases without sacrificing quality.
Purchase in bulk
Purchasing chicken in bulk can save you a significant amount of money in the long run. You can store the excess chicken in your freezer for future use, ensuring you always have a protein source at home.
Consider cheaper cuts of chicken
There are many cuts of chicken on offer, and some are cheaper than others. Consider trying out alternative, cheaper cuts such as chicken thigh and drumstick instead of breast, which is usually more expensive.
Buy from local vendors
Local vendors often sell fresh chicken at more reasonable rates compared to large corporations. Additionally, buying from local vendors ensures that you are contributing to the local economy.
Participate in supermarket loyalty programs
Most supermarkets offer loyalty programs that allow you to collect points and redeem them for discounts on your grocery bill. Take advantage of these programs when purchasing chicken and other food items.
The bottom line
The rising cost of chicken can have a significant impact on consumers’ wallets and the economy. While there are several factors contributing to this increase, there are ways you can save money when purchasing chicken. By being more mindful of your purchases and opting for cheaper alternatives, you can maintain a healthy and nutritious diet without breaking the bank.
- Q: Why is chicken so expensive?
- A: The cost of producing quality chicken has gone up due to several factors, such as labor costs, energy, and feed.
- Q: How can I save money when purchasing chicken?
- A: Consider purchasing chicken in bulk, opting for cheaper cuts of chicken, buying from local vendors, and participating in supermarket loyalty programs.
- Q: Does the rising cost of chicken impact food insecurity?
- A: Yes, rising chicken prices can make it even more difficult for low-income households to access healthy, protein-rich food regularly, contributing to food insecurity problems.