There comes a time you say enough is enough.
Check it out:
What would you pay for a pound of hamburger, chicken breast or steak? Is it more than last month? Less? About the same? According to the last Food Demand Survey from Oklahoma State University’s Department of Agricultural Economics, consumers reined in the purse strings over the past month when it came to purchasing popular items at the meat case.
The monthly survey of approximately 1,000 individuals collects data on consumers’ willingness-to-pay for a variety of food items, notably a variety of popular meat items. While the latest survey shows an increase in consumers’ willingness-to-pay for chicken breast (at $5.09 per pound compared to $5.02 in December), steak, hamburger, pork chops and deli ham were all down between about 1 percent and about 10 percent.