Miodrag Ignjatovic | E+ | Getty ImagesAmericans firing up their grills for Fourth of July celebrations will likely pay more for some traditional barbecue staples this year.
The average cookout for 10 people will cost $71.22 this year, up 5% from 2023 and about 30% five years ago, according to an American Farm Bureau Federation estimate.
That said, consumers have seen prices fall for some specific barbecue items like chicken breast and potatoes, the Farm Bureau said.
Meat (including ground beef, pork chops and chicken breast) accounts for 50% of the total cost of an Independence Day barbecue, according to the Farm Bureau.
Two pounds of potatoes cost $1.53, down 17%, the Farm Bureau said.
Persons:
Miodrag Ignjatovic, That's, Courtney Schmidt, Luke Sharrett, Adene Sanchez, Schmidt
Organizations:
Getty, American Farm Bureau, Food Institute, CNBC, Farm Bureau, Bloomberg, Farm
Locations:
U.S, Wells, Wells Fargo's, Louisville , Kentucky, Wells Fargo