Jul 21, 2021 - Economy & Business

Vegetarians beat inflation

Illustration of a fried chicken bucket filled with vegetables and wheat.
Illustration: Brendan Lynch/Axios

America's vegetarians and vegans are winning the inflation fight as meat prices go up while veggies get cheaper.

By the numbers: In June, Americans shelled out 6% and 5% more for beef steaks and roasts respectively. And they paid 5% more for pork chops, according to Consumer Price Index data reported by MarketWatch.

  • Meanwhile, canned vegetable prices dropped by 1.2% and frozen by 0.7%.
  • Another headache for meat lovers: Fast food chains are dealing with a fried chicken shortage as the country continues to feel the repercussions of the pandemic's disruption of meat-packing plants.

The big picture: About 5% of Americans are vegetarian and 3% are vegan, per Gallup. Despite greater attention to meat alternatives, that rate hasn't changed much in the last couple of decades.

Go deeper