(CNSNEWS) — The price for fresh whole chickens hit its all-time high in the United States in October, according to data released last week by the Bureau of Labor Statistics.
In January 1980, when BLS started tracking the price of this commodity, fresh whole chickens cost $0.69 per pound. By this October 2003, fresh whole chickens cost $1.54 per pound.
price of chicken
In the last decade alone, the price has gone up 51 percent, from $1.02 in October 2003 to the current price of $1.54 per pound.
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One factor contributing to the increasing cost of chicken, according to the American Farm Bureau Federation, is increased regulation of chicken farmers.