Economic Economics
This year’s Fourth of July cookouts provide an opportunity for Americans to enjoy the holiday without breaking the bank.
According to the American Farm Bureau’s Summer Cookout Survey, the average cost per person for a July 4th cookout has been reduced somewhat, making the holiday more affordable for American families.
The average cost per person for a July 4th cookout, according to the survey, will be $6.77, down from $6.97 last year. However, as the Farm Bureau pointed out, despite a 3% decline from last year’s record high, prices are still 14% higher than they were two years ago, indicating the ongoing impact of inflation.
Cost of Cookout Cooling Down
The consumer price index report from the Bureau of Labor Statistics shows that the annual average inflation for meats, poultry, fish, and eggs remained relatively flat (0.3%) in May 2023 compared to the significant ...Full story available on Benzinga.com
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