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The price of tradition: Corned beef costs soar
This St. Patrick’s Day, New Yorkers are feeling the financial strain as the price of corned beef skyrockets. With inflation affecting food prices across the board, the beloved dish has become a luxury for many.
Joe DiGangi, owner of Mario’s Meats and Deli in Queens, shared that the cost of brisket has risen by 8.7% over the past year, forcing some vendors to drop out of the market entirely. For instance, a single-serving platter of corned beef and cabbage has jumped from $9.99 to $16 in just five years.
DiGangi lamented, “The price of everything has risen slowly after COVID – it went up, and it didn’t go back down.” This sentiment resonates with many as they prepare for the holiday.
Inflation’s ripple effect on restaurants
Restaurants are not immune to these rising costs.
Establishments like Mulligan’s Irish Pub and Connolly’s Pub have had to increase their menu prices to keep up with inflation. Connolly’s Pub general manager Ardell Reilly noted, “The cost of everything’s gone up, it’s not just beef.” This trend is evident across various food items, with significant increases in the prices of chicken, fish, and vegetables.
The U.S. Bureau of Labor Statistics reported that the average price of uncooked beef roasts, including corned beef, is at an all-time high, costing around $7.99 per pound. This is a stark contrast to the $5.53 per pound seen just three years ago, showcasing a staggering 44% increase.
Challenges for consumers and businesses alike
As food prices continue to rise, consumers are adjusting their purchasing habits. Some deli owners, like the one from Avenue A Deli, have noticed a decline in sales, prompting them to buy less meat.
However, DiGangi reports an uptick in orders for his signature corned beef and cabbage platter, suggesting that some customers are willing to pay a premium for convenience. With many returning to the office, the demand for ready-made meals has surged. Yet, the future remains uncertain. DiGangi expressed concern over the potential impact of soaring egg prices on Easter traditions, stating, “If these egg prices don’t go down by Easter, it’s going to be rough.” As inflation continues to challenge both consumers and businesses, the spirit of St. Patrick’s Day may be tested this year.
