Chicken wing prices drop to pre-pandemic levels: Good news for stocks

In time for football season, chicken wings are now cheaper than they were before the pandemic.

In time for football season, chicken wings are now cheaper than they were before the pandemic.

The average wholesale price for a pound of wings fell to about $1.68 in July and trended even lower in August.

It's a reversal of a trend that saw a dramatic hike in prices for chicken wings early in the pandemic.

This had coincided with broader inflation in the economy, labor shortages and surging demand for poultry.

The reason for the rapid price decline is simply supply and demand, according to experts.

This is good news in general for the stock market too because it shows that inflation is not as sticky as some feared.

Plunging chicken wing prices are a good sign for the stock market as they show that inflation is easing.

Chicken wing prices have fallen 62% from their peak to levels since 2019.

If pricing for other goods and commodities follows the chicken wings path, the Federal Reserve could drop interest rate hikes.

Falling prices in everything from chicken wings to homes is proof that inflation has peaked and continues to drop in coming months.