The biggest driver of the pricier supermarket bills will be the cost of meat, which accounts for about half the total cost.
Shoppers are feeling the pinch of inflation as they stock up for holiday cookouts over fourth of July.Americans feeding a group of 10 this holiday weekend will spend an average of $71.22, according to the American Farm Bureau Federation.RELATED:
For instance, two pounds of chicken breasts now cost an average of $7.83 nationally, down 4% from a year ago. Likewise, the cost of homemade potato salad dipped 4%. The price of other staples including cheese and strawberries barely budged.As inflation skyrocketed across the economy in 2022, the American Farm Bureau estimated a 17% year-over-year spike in the cost of a Fourth of July cookout. In that survey, the cost of ground beef had surged 36% over the year.
The American Farm Bureau notes that, on an inflation-adjusted basis, this summer's BBQ bill is 5% lower than the record set in 2022.America's favorite Fourth of July tradition, the hot dog eating contest
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