PRICES: Soaring Meat

Nixon Administration officials always expected a "bulge" in some prices after the expiration of last year's freeze, but what has been happening at the supermarket meat counter looks more like an upheaval. Retail beef and lamb prices have reached 20-year highs; pork prices, which slipped 16.6% early last year, are again climbing toward record levels. Just since the start of 1972, a Manhattan housewife has had to pay 12.6% more for a pound of pork chops.

The high prices reflect a short supply of livestock. Faced with increased wage and feed costs over the...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!