Americans hitting the grocery store amid inflation to stock up for Fourth of July parties will see some reprieve on the costs of certain foods and not on others, a recent report finds.
For making burgers, the cost of a pound of ground beef, at an average of $5.36, has increased less than 1% compared to a year ago, the report said, citing the BLS. Throwing a sirloin steak on the grill, meanwhile, will have a per-pound price of $10.75, marking a nearly 3% increase year over year.
Chicken breasts, on the other hand, cost $4.24, dropping nearly 2% from a year ago, the Wells Fargo report found. How much condiments will cost someone has increased 9% year over year – and so have dips – according to Wells Fargo.The report put another July Fourth partygoer favorite, potato chips, at a $6.45 price per pound. It pointed to droughts in Idaho, North Dakota and South Dakota as having factors into the 15% spike compared to a year ago.
For non-alcoholic beverages, the price of a 12-ounce soda averaged 54 cents, a 14% year-over-year increase to which labor and packaging costs have contributed, according toA pint of beer has become pricier compared to last year, climbing 8% to $1.74, per the report. Wine, meanwhile, has stayed relatively flat at $13.40 for a liter.higher price tag
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