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Inflation, consumer demand factor into higher retail pork prices

Despite a more than 30 percent increase in retail pork prices over the last couple of years, demand for pork has remained steady.

Jayson Lusk is the distinguished professor and head of the ag economics department at Purdue University.

He says inflation is driving prices higher.

“More money floating around in the economy is reducing the value of each dollar and that probably explains about half of that 31 percent price increase,” he says.

Inflation, consumer demand factor into higher retail pork prices

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