For what you'd spend for a pound of bacon today, you could buy a whole four-pound chicken, a six-pack of PBR, 10 pounds of bananas, 36 eggs, or a paperback copy of the fourth installment of George R.R. Martin's A Song of Ice and Fire series, A Feast For Crows.
As you can see in that graph, there was another major boom in bacon prices in the early-'80s. But the surge going on now puts it to shame. After adjusting for inflation, bacon is now 21 percent more expensive than it was at its 1980s peak in September 1982.