Jun 27, 2022 - Economy

July 4 cookouts will cost Americans 17% more this year: survey

Paulo Rodredo (left) and Ney Santos of Philadelphia at the grill on July 4, 2020. Photo: Ben Hasty/MediaNews Group/Reading Eagle via Getty Images

The classic July 4 cookout — complete with cheeseburgers, chicken and potato salad — will cost Americans much more this year.

The big picture: Amid record inflation, most Fourth of July staples have seen an increase in price over last year, with food prices up as much as 36%, according to a recent survey from the American Farm Bureau Federation.

  • The Consumer Price Index, a key gauge of inflation, accelerated by 8.6% from a year earlier in May, the fastest pace in over 40 years.

The details: The average cost of a summer cookout for 10 people this year is $69.68, up 17% from 2021, according to the survey, which pointed to supply chain problems, inflation and the war in Ukraine for the increase in prices.

  • Ground beef saw the biggest increase in price, rising 36% from a year ago.
  • Boneless, skinless chicken breast, pork chops, and pork and beans also saw price increases of over 30% in one year.

Overall, consumers can expect to spend 17% more on food for a barbecue this year, marking the biggest increase since the lobbying organization began tracking data a decade ago.

But not everything will be more expensive this year. Per the survey, the price of strawberries — and sliced cheese — went down by 16% and 13%, respectively.

Go deeper: U.S. inflation rate is in the middle of the pack globally

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