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Consumers Eating More SPAM as Food Prices Rise

News Flash: Hungry Consumers Are Scooping Up Spam and Ramen

I've never eaten Spam, but I don't think Hormel is missing my business. The company reported that strong sales pushed their profits up 14 percent last quarter, and the Associated Press reports that more people are buying cans of Spam and packages of ramen in an effort to combat rising food prices. The canned meat is actually more expensive than it was the same time last year (an average 12 oz. can costs about $2.62), but consumers are resorting to it as a substitute for other types of meat in their weekly meals. At about $3.49, per pound Spam doesn't seem like it's that much cheaper than buying meat on sale and freezing it.

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