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The latest study on processed meats, which was published in the British Journal of Cancer, suggests that eating too much bacon on a regular basis could  significantly increase one's the risk of developing pancreatic cancer. From The Guardian:
Eating 50g of processed meat every day - the equivalent to one sausage or two rashers of bacon - increases the risk by 19%, compared to people who do not eat processed meat at all.

For people consuming double this amount of processed meat (100g), the increased risk jumps to 38%, and is 57% for those eating 150g a day. But experts cautioned that the overall risk of pancreatic cancer was relatively low - in the UK, the lifetime risk of developing the disease is one in 77 for men and one in 79 for women.