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ARE YOU READY FOR some football? Autumn is just around the corner and, if you’re like me, you can’t wait for those lazy Sunday afternoons kicking back and watching the gridiron. What about some munchies as you enjoy the on-field action? While the cost of everything food-related seems to be skyrocketing, there’s encouraging news for one popular football snack.
According to data from Bloomberg, wholesale chicken wing prices are down some 60% from a year ago. It’ll take a while before that price drop trickles through to the supermarket and our favorite barbecue joints, but it’s a promising sign. It seems some relief from food inflation is on its way.
Even for non-football fans and those less keen on meat, there’s good news. Oat prices are down about 25% from their peak in late 2021. Similarly, following an ill-timed bird flu outbreak, wholesale egg prices are now falling fast.
For many families, the relief offered by lighter grocery bills, smaller restaurant checks and lower gas prices can’t come soon enough. After benefitting from several fiscal stimulus packages during the pandemic, there are growing signs that the bottom and middle-income groups are financially strained. The excess savings built up during the pandemic are starting to slip away, while credit card debt is on the rise.
Along with easing inflation, there’s another encouraging sign: We still have a strong labor market, one where the lowest wage workers are garnering the highest raises. We’ll get a fresh look at the jobs situation on Sept. 2—just before the NFL season kicks off.
To quote Stompin’ Tom Connors:
“The good old hockey game is the best game you can name,
and the best game you can name is the good old hockey game.”
Hockey rules!
Football drools!
Don’t hold your breath on food prices going down. Practically speaking, the massive ongoing drought in most of our farmland regions which is affecting both human and animal feed shortages won’t be seen until late this year and beyond. I hate being a doom and gloomer, but I fear that is the true reality. Stock your pantries and freezers now and consider a garden next Spring…seriously.
Of course I hope to wrong and I can also handle the laughter if I am.
Cheers! 🙂
Depending on the region of the country, college football (Saturdays), or even high school football (Fridays) might supersede interest in NFL. (Sundays)
As we drove from Atlanta to near Mike’s home to meet my parents for the first time one Friday evening, my West Coast wife was surprised to hear the small town radio stations broadcasting the HS games. Part of her cultural immersion.
quite true! I’m in Jax, FL, so college football is much more anticipated here than a depressing Jags game.