As a result of record-breaking inflation rates, reports show that Americans’ Fourth of July picnics are going to cost around 17 percent more this year.
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According to the American Farm Bureau Federation, the average cost of a cookout for 10 people will be $69.68, which is nearly $10 more than the price of the same items during last year’s Independence Day celebrations.
Additionally, the data revealed that in both 2020 and 2021, Americans spent less than $60 for the same goods.
The report also showed that the cost of staple food items like beef and chicken are up over 30 percent from last year. Further, lemonade is priced 22 percent higher and potato salad will cost shoppers 19 percent more.
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BIDENFLATION: Americans’ July 4th cookouts are expected to cost more with the prices of “nearly everything” up:
— RNC Research (@RNCResearch) June 28, 2022
•Beef🔺 36%
•Chicken🔺 33
•Lemonade🔺 22%
•Potato salad🔺 19% pic.twitter.com/SdGZOExoNZ
While those shopping for Independence Day celebrations will certainly feel the effects of these price increases, they are not the only ones bearing the consequences of irresponsible federal government spending. Farmers are experiencing a decrease in profits as well.
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“Despite higher food prices, the supply chain disruptions and inflation have made farm supplies more expensive; like consumers, farmers are price-takers not price-makers,” AFBF chief economist Roger Cryan said.
“Bottom line, in many cases the higher prices farmers are being paid aren’t covering the increase in their farm expenses. The cost of fuel is up and fertilizer prices have tripled,” he added.
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