Your July 4th Barbecue Will Be More Expensive

Estimated reading time: 3 minutes

BBQ Prices

Got Independence Day plans? They could cost you more than last year.

Hosting a 4th of July barbecue for 10 people could cost you about $71.22 total, a 5% increase from last year, according to new data from the American Farm Bureau Federation. That’s more than inflation, which stood at 3.3% in May. The estimate assumes you’re serving an array of cookout staples like cheeseburgers, potato chips, chicken, pork, lemonade, desserts, and more.

High Meat Costs

The rising price of meat is a major driver behind the higher  BBQ costs this year. If you’re looking to cut costs for your cookout, try swapping burgers and pulled pork for non-meat options. Per the Farm Bureau’s analysis, ground beef, pork chops, and chicken breast prices account for half of the total calculated cookout cost.

​​In particular, the price for 2 lbs of ground beef now sits at an average of $12.77, having risen more than $1 from last year, due to limited supply. Pork chops have also risen over $1 since last year. The price for 2 lbs of chicken breast is meanwhile down 4% from 2023.

Battling Inflation

The cost of your holiday barbecue doesn’t necessarily rise every year. In 2023, for example, the cost decreased 3%, per CNN.

Even so, overall consumer prices inflation is significantly lower this year than it was in 2022 or 2023. But just because prices are rising at a slower pace than they did before, doesn’t mean they’re coming down. Many Americans continue to  struggle in the higher price environment, with inflation as a top concern.

Disclaimer
SoFi Securities (Hong Kong) Limited and its affiliates (SoFi HK) may post or share information and materials from time to time. They should not be regarded as an offer, solicitation, invitation, investment advice, recommendation to buy, sell or otherwise deal with any investment instrument or product in any jurisdictions. Keep in mind that investing involves risk, and past performance of an asset never guarantees future results or returns. It’s important for investors to consider their specific financial needs, goals, and risk profile before making an investment decision.
SoFi HK does not make any warranties about the completeness, reliability and accuracy of this information and will not be liable for any losses and/or damages in connection with the use of this information.
The information and materials may contain hyperlinks to other websites, we are not responsible for the content of any linked sites. The information and analysis provided through hyperlinks to third party websites, while believed to be accurate, cannot be guaranteed by SoFi HK. These links are provided for informational purposes and should not be viewed as an endorsement. The risk involved in using such hyperlinks shall be borne by the visitor and subject to any Terms of Use applicable to such access and use.
Any product, logos, brands, and other trademarks or images featured are the property of their respective trademark holders. These trademark holders are not affiliated with SoFi HK or its Affiliates. These trademark holders do not sponsor or endorse SoFi HK or any of its articles.
Without prior written approval of SoFi HK, the information/materials shall not be amended, duplicated, photocopied, transmitted, circulated, distributed or published in any manner, or be used for commercial or public purposes.