Kansas City, Missouri 2022-06-28 09:55:37 –
Inflation has caused food prices to rise significantly, making Cook Out staples one of the most affected products.
According to the American Farm Bureau Foundation, the cost of a standard dish for 10 people on July 4th this year was $ 69.68, up 17% from a year ago.
Some commodities, such as strawberries, sliced cheese, and potato chips, have actually fallen, but meat prices have risen significantly. Land prices have risen 36%, chicken breasts have risen 33%, and pork and beans have risen 33%, according to reports from the American Farm Bureau Foundation.
Other items like lemonade and ice cream have seen more modest price increases.
The organization cited ongoing supply chain disruptions, inflation, and war in Ukraine due to rising prices. The American Farm Bureau Foundation said farmers did not benefit from higher prices.
“Despite rising food prices, supply chain disruptions and inflation have made the supply of agricultural products more expensive. Like consumers, farmers are price takers, not price makers,” said American Farm. Roger Crian, Chief Economist at the Bureau Foundation, said. “In conclusion, often higher prices paid to farmers do not cover the increased costs of farmers. Fuel costs have risen and fertilizer prices have tripled.”
The American Farm Bureau Foundation used 176 volunteer shoppers nationwide for the data.
Over the last 12 months, grocery store grocery costs have increased by 10.1% overall, according to federal data. Meat prices are up 12.3% from last year and are affected at a higher rate.
This year’s July 4 cookout will cost you 17% more than last year Source link This year’s July 4 cookout will cost you 17% more than last year