Your Fourth of July cookout will be less expensive next week than it was last year, according to the American Farm Bureau Federation.
Numbers from the bureau last year showed the estimated cost to serve ten people was at an all-time high, per CBS News. This year, families will see about a 3% decrease in prices, with the bureau saying ten people can be fed with an average $67.73 grocery bill.
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But while a drop from last year, the prices are still at their second-highest ever. This year’s cookout cost is reportedly 14% higher than two years ago, a concerning fact to some at the bureau.
“The slight downward direction in the cost of a cookout doesn’t counter the dramatic increases we’ve seen over the past few years,” said Roger Cryan, chief economist at the American Farm Bureau Federation, per CNN. “Families are still feeling the pinch of high inflation along with other factors keeping prices high.”
According to the news outlet, there are 12 staple Independence Day cookout items. Hamburger buns, beef, and potato salad were more expensive this year, but chicken breast, lemonade, and chocolate chip cookies dropped in price. Pork chops, cheese, pork and beans, potato chips, ice cream, and strawberries round out the rest of the principal groceries.
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Fourth of July airfare is also down this year, as round-trip tickets will be 27% lower this year than they were at the same time in 2022. Gas prices are also far lower than they were at this time a year ago.
