Hosting a summer cookout for 10 people this year now averages $71.22, surpassing last year’s $69.68|@bad_arithmetic|Giphy
Food prices are denting Fourth of July and summer barbecue plans as essentials now cost 5% more than last year and a hefty 30% more than five years ago, according to the American Farm Bureau.
Hosting a summer cookout for 10 people this year now averages $71.22, surpassing last year’s $69.68. Barbecue essentials like ground beef and hot dogs have seen prices climb over 40% since 2019, highlighting the impact on consumer wallets.
Despite the higher costs, 73% plan to celebrate Independence Day, and 83% are buying food for the occasion, per Numerator.
According to the National Retail Federation, Americans will spend about $9.4 billion this July 4, slightly down from last year’s record.
Due to varying grocery prices, the Western US would pay the most, around $80.88 on average for a party of 10. Those in the Northeast would spend an average of $63.54.