Here's a History of the Price of Bacon Since 1940

Ladies and gents, the Bacon Index.

Bacon
Photo: Paul Taylor/Getty Images

People say you can't buy happiness. But the sizzle of bacon on the skillet is enough to snap us out of whatever the morning throws at us. Baby Hasselback Potatoes with Blue Cheese and Bacon at lunch? Bacon-and-Chive Grit Fries with Smoky Hot Ketchup? Bacon-Infused Bourbon to cap off the day?

Slice and dice it any way you want it—bacon is always a welcome addition to any Southern table. But cured pork sure doesn't cost what it used to. For those of us who recall the milkman knocking, bacon only cost a mere quarter or two in the '40s, '50s, and early '60s. Now the price of bacon, often a gauge to indicate inflation, has shot up to a record high in grocery stores. Look back at the history of bacon prices over time.

Climbing Prices

While farm industry experts expect the prices to come down, don't expect to fork over a quarter for pork belly anytime soon. To examine the rise and fall of bacon prices over the years, MooseRoots, a former genealogy data site, looked at the numbers.

Using the Consumer Price Index (CPI) data available for "Bacon and Related Products" and the average recorded price for a pound of bacon in cities across the U.S. collected from the Bureau of Labor Statistics (BLS), they determined the prices of bacon in every year from 1940 through 2016. Below, see the absolute price of bacon, as well as the inflation-adjusted price, during that time frame. While their data doesn't go beyond 2016, check out the high prices bacon continues to reach. Maybe you can't buy happiness, but a Lincoln and change sure gets us pretty darn close.

The 1940s

1940

  • Absolute price: $0.23
  • Inflation-adjusted price: $3.91

1941

  • Absolute price: $0.29
  • Inflation-adjusted price: $4.90

1942

  • Absolute price: $0.34
  • Inflation-adjusted price: $5.47

1943

  • Absolute price: $0.35
  • Inflation-adjusted price: $5.07

1944

  • Absolute price: $0.33
  • Inflation-adjusted price: $4.51

1945

  • Absolute price: $0.34
  • Inflation-adjusted price: $4.58

1946

  • Absolute price: $0.44
  • Inflation-adjusted price: $5.79

1947

  • Absolute price: $0.64
  • Inflation-adjusted price: $7.76

1948

  • Absolute price: $0.63
  • Inflation-adjusted price: $6.68

1949

  • Absolute price: $0.55
  • Inflation-adjusted price: $5.41

The 1950s

1950

  • Absolute price: $0.52
  • Inflation-adjusted price: $5.17

1951

  • Absolute price: $0.55
  • Inflation-adjusted price: $5.41

1952

  • Absolute price: $0.53
  • Inflation-adjusted price: $4.83

1953

  • Absolute price: $0.65
  • Inflation-adjusted price: $5.80

1954

  • Absolute price: $0.67
  • Inflation-adjusted price: $5.93

1955

  • Absolute price: $0.54
  • Inflation-adjusted price: $4.76

1956

  • Absolute price: $0.48
  • Inflation-adjusted price: $4.24

1957

  • Absolute price: $0.62
  • Inflation-adjusted price: $5.40

1958

  • Absolute price: $0.66
  • Inflation-adjusted price: $5.56

1959

  • Absolute price: $0.55
  • Inflation-adjusted price: $4.51

The 1960s

1960

  • Absolute price: $0.54
  • Inflation-adjusted price: $4.39

1961

  • Absolute price: $0.59
  • Inflation-adjusted price: $4.72

1962

  • Absolute price: $0.58
  • Inflation-adjusted price: $4.59

1963

  • Absolute price: $0.57
  • Inflation-adjusted price: $4.46

1964

  • Absolute price: $0.57
  • Inflation-adjusted price: $4.41

1965

  • Absolute price: $0.69
  • Inflation-adjusted price: $5.27

1966

  • Absolute price: $0.82
  • Inflation-adjusted price: $6.16

1967

  • Absolute price: $0.72
  • Inflation-adjusted price: $5.25

1968

  • Absolute price: $0.70
  • Inflation-adjusted price: $4.97

1969

  • Absolute price: $0.76
  • Inflation-adjusted price: $5.17

The 1970s

1970

  • Absolute price: $0.82
  • Inflation-adjusted price: $5.29

1971

  • Absolute price: $0.69
  • Inflation-adjusted price: $4.21

1972

  • Absolute price: $0.84
  • Inflation-adjusted price: $4.91

1973

  • Absolute price: $1.16
  • Inflation-adjusted price: $6.57

1974

  • Absolute price: $1.15
  • Inflation-adjusted price: $6.13

1975

  • Absolute price: $1.55
  • Inflation-adjusted price: $7.44

1976

  • Absolute price: $1.51
  • Inflation-adjusted price: $6.64

1977

  • Absolute price: $1.38
  • Inflation-adjusted price: $5.74

1978

  • Absolute price: $1.59
  • Inflation-adjusted price: $6.21

1979

  • Absolute price: $1.48
  • Inflation-adjusted price: $5.37

The 1980s

1980

  • Absolute price: $1.43
  • Inflation-adjusted price: $4.66

1981

  • Absolute price: $1.62
  • Inflation-adjusted price: $4.65

1982

  • Absolute price: $1.99
  • Inflation-adjusted price: $5.18

1983

  • Absolute price: $1.95
  • Inflation-adjusted price: $4.78

1984

  • Absolute price: $1.91
  • Inflation-adjusted price: $4.54

1985

  • Absolute price: $1.98
  • Inflation-adjusted price: $4.51

1986

  • Absolute price: $2.12
  • Inflation-adjusted price: $4.67

1987

  • Absolute price: $2.23
  • Inflation-adjusted price: $4.82

1988

  • Absolute price: $1.97
  • Inflation-adjusted price: $4.10

1989

  • Absolute price: $1.87
  • Inflation-adjusted price: $3.74

The 1990s

1990

  • Absolute price: $2.21
  • Inflation-adjusted price: $4.22

1991

  • Absolute price: $2.34
  • Inflation-adjusted price: $4.24

1992

  • Absolute price: $2.04
  • Inflation-adjusted price: $3.55

1993

  • Absolute price: $2.16
  • Inflation-adjusted price: $3.64

1994

  • Absolute price: $2.30
  • Inflation-adjusted price: $3.77

1995

  • Absolute price: $2.34
  • Inflation-adjusted price: $3.74

1996

  • Absolute price: $2.90
  • Inflation-adjusted price: $4.51

1997

  • Absolute price: $3.20
  • Inflation-adjusted price: $4.83

1998

  • Absolute price: $2.96
  • Inflation-adjusted price: $4.37

1999

  • Absolute price: $2.95
  • Inflation-adjusted price: $4.28

The 2000s

2000

  • Absolute price: $3.46
  • Inflation-adjusted price: $4.92

2001

  • Absolute price: $3.60
  • Inflation-adjusted price: $4.95

2002

  • Absolute price: $3.63
  • Inflation-adjusted price: $4.85

2003

  • Absolute price: $3.83
  • Inflation-adjusted price: $5.04

2004

  • Absolute price: $4.13
  • Inflation-adjusted price: $5.31

2005

  • Absolute price: $4.09
  • Inflation-adjusted price: $5.13

2006

  • Absolute price: $4.15
  • Inflation-adjusted price: $5.03

2007

  • Absolute price: $4.31
  • Inflation-adjusted price: $5.06

2008

  • Absolute price: $4.28
  • Inflation-adjusted price: $4.89

2009

  • Absolute price: $4.21
  • Inflation-adjusted price: $4.63

The 2010s

2010

  • Absolute price: $4.53
  • Inflation-adjusted price: $5.00

2011

  • Absolute price: $5.14
  • Inflation-adjusted price: $5.58

2012

  • Absolute price: $5.22
  • Inflation-adjusted price: $5.49

2013

  • Absolute price: $5.53
  • Inflation-adjusted price: $5.70

2014

  • Absolute price: $5.84
  • Inflation-adjusted price: $5.93

2015

  • Absolute price: $5.48
  • Inflation-adjusted price: $5.48

2016

  • Absolute price: $5.49
  • Inflation-adjusted price: $5.49

Upward Trend

Since 2016, the cost of bacon has risen—to record highs. In May 2021, the average cost for a pound of sliced bacon in the U.S. was $6.35. One year later, the cost continues to climb. The price for this breakfast staple increased to a high of $7.36 in May 2022.

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