Americans Will Pay 17 Percent More for July 4 Cookout: Farm Bureau
Economy And Jobs,Food,Fourth Of July,Inflation,Food Prices
U.S. consumers can expect to pay 17 percent more to eat on Independence Day in 2022, according to a new report from the American Farm Bureau Federation (AFBF).
The annual study confirmed that the average cost of a summer cookout for 10 people would total $69.68, an increase of $10 from 2021.
The authors of the study assessed many of Americans’ favorite cookout foods. They found that the price for two pounds of ground beef surged 36 percent to $11.12, two pounds of boneless and skinless chicken breasts jumped 33 percent to $8.99, three pounds of center-cut pork chops climbed 31 percent to $15.26, and 32 ounces of pork and beans rose 33 percent to $2.53.
There will be some food price respite for July 4 event hosts, as the cost of two pints of strawberries fell 16 percent to $4.44, one pound of sliced cheese dropped 13 percent to $3.53, and a 16-ounce bag of potato chips dropped 4 percent to $4.71.
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