Americans feeding a group of 10 this holiday weekend will spend an average of $71.22, according to the American Farm Bureau Federation.
The American Farm Bureau found the price of two pounds of ground beef will cost an average of $12.77 this year, up 11% from a year ago.
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.
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.
The cheapest Fourth of July barbecue bill is in the Northeast at $63.54, according to the American Farm Bureau.
Persons:
New York CNN —, It’s, grillers
Organizations:
New, New York CNN, American Farm Bureau Federation, American Farm Bureau, Consumers
Locations:
New York