August 10, 2022

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Alabama NewsCenter – Inflation hits July 4 cookouts with food prices up as much as 36% : The Alabama Weather Blog

1 min read

By Carrington York
Bloomberg

Add Fourth of July cookouts to the list of what Americans will pay more for this year – a lot more.

Ground beef prices are up 36% from a year ago, while chicken breasts gained by a third, according to a survey from the American Farm Bureau Federation. Overall, revelers can expect to spend 17% more on food for a barbecue, marking the biggest increase since the lobbying organization began tracking data a decade ago.

In 2021, the cost of an Independence Day cookout declined by less than 1%, according to the group. But much has changed since then. Costs for fuel, labor and key farming inputs like fertilizer have soared. Russia’s invasion of Ukraine has worsened the situation by disrupting global agriculture supply chains, according to Roger Cryan, chief economist for the Farm Bureau.

The AlabamaWx Weather Blog gladly brings you an excerpt of this article through a partnership with the Alabama NewsCenter. You can see the complete post featuring all the associated images, links, and videos by clicking HERE.

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Alabama News Center tels the stories of the people and businesses powering the states of Alabama, striving to make Alabama a wonderful place to live and work.



Alabama News Center

2022-07-01 15:00:37

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