1.45 billion Wings are expected to be consumed by Americans.
The National Chicken Council predicted that Americans will consume 1.45 billion chicken wings over the Super Bowl weekend, an increase of 2% from the previous year, or the equivalent of 84 million wings, according to a report released earlier this month, according to Reuters.
That’s a total of four wings for every man, woman, and kid, and it would reach from Philadelphia’s Lincoln Financial Field to Kansas City’s Arrowhead Stadium 62 times.
So why did demand rise by 2%? In any case, chicken wings are the best spot to locate deflation.
According to Tom Super, a spokesman for the National Chicken Council, one reason for this year’s increase in demand is that both wholesale and retail wing prices are down double-digits from last year.
The two main causes, according to Super, are more affordable prices and more individuals returning to their regular routines and congregating for the Big Game, whether at home or at a pub or restaurant.
The price of chicken wings may have investors and the Federal Reserve wondering if there will be another easing of pricing pressures at Tuesday’s readout of US consumer inflation data.
According to the research, consumer price growth is predicted to have slowed from 6.5% in December to 6.2% annually in January.
Since price increases are still projected to have slowed last month, inflation is still the market’s primary driver. As a result, the surge in stocks and bonds after January’s astonishingly positive labor market statistics may resume again.