Although celebrating the Fourth of July on Tuesday with a family cookout will cost more than two years ago, prices will be slightly lower than the record high set in 2022, according to a report released Tuesday by the American Farm Bureau.
The average grocery bill to feed 10 people will be $67.73, a 3% drop from 2022, which had the highest average price since the Farm Bureau began the survey in 2013. This year’s average is 14% higher than in 2021, however, and will be the second-highest behind 2022 since the survey began.
“The slight downward direction in the cost of a cookout doesn’t counter the dramatic increases we’ve seen over the past few years,” said Roger Cryan, chief economist for the Farm Bureau. “Families are still feeling the pinch of high inflation along with other factors keeping prices high.
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