Grill prices on Memorial Day go up as beef, hot dogs and vegetables cost more
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The Americans are planning to anoint this Memorial Day The weekend is likely to see higher prices in the price of basic staples as continued inflation squeezes household budgets.
The most recent Bureau of Labor Statistics (CPI) price index inflation data from April showed that prices have increased significantly compared to last year for several popular dishes in the kitchen – burgers and steaks have had a significant jump.
Ground beef prices are up 14.5% over the past year, while beef costs are up 16.1% over the same period.
US cattle supplies have fallen to their lowest level in more than 70 years as ranchers grapple with the effects of the drought, which has caused them to cull cattle and reduce their herds, as well as rising costs.
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Several popular sauce items have seen prices rise sharply over the past year amid continued inflation. (Stock)
The BLS index for frankfurters is up 10.7% year-over-year, so switching to hot dogs can be modest. price relief for consumers in relation to beef prices.
Chicken is another type of meat that fell by 0.7% in price last year from April. Fresh chicken prices fell 1.8%, while fresh and frozen chicken parts fell 0.1% during the period.
The cost of fresh vegetables increased by 11.5% last year, the price of tomatoes increased by 39.7% and lettuce by 7.9% during the same period. In contrast, the price of potatoes decreased by 3% last year.
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Fresh fruit saw modest price increases, with the BLS index showing a 2.1% increase year over year through April. Citrus fruits increased the most at 6.5%, followed by bananas at 4% and apples at 3.1%.
Several popular desserts they are also very expensive this Memorial Day weekend. BLS data showed that prices of cakes, pastries and cookies increased by 5.1% compared to last April.
Ice cream prices have also increased and are up 2.7% on average over the past year.
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Beer prices rose 2.2% last year, a faster pace than other alcoholic beverages. (Kevin Carter/Getty Images)
Beverage prices also rose at a moderate pace compared to last year, with carbonated drinks up 3.7% while juices and non-frozen, non-carbonated drinks rose a modest 2.3% year-over-year.
The prices of alcoholic beverages Food consumption at home was lower than last year as the index increased by just 0.4%, so shoppers looking to spend this Memorial Day weekend will see little price impact.
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Beer prices rose the most in the category, up 2.2% year-on-year, while distilled spirits rose 0.1% and wine fell 0.8% over the period.
