Millions of American families will feel the sharp pain of inflation this weekend as they stock up on food for Memorial Day barbecues.
The average cost of a Memorial Day barbecue this year was $30, up 10 percent from last year. According to WalletHub:.
The number of Americans planning to travel this weekend is near an all-time high, which will lead to higher gas prices than a year ago, according to Wallet Hub. Gas prices are up 4 percent compared to last year’s Memorial Day weekend.
With prices soaring, you might be wondering, “Where’s the beef?” Ground beef prices are up 6% compared to a year ago. Steak prices are up 6.5%. Hot dogs are up 7.1%.
There may be some refuge in chicken: Prices are about flat compared to a year ago.
But mustard is an exception: the price of “other condiments” is up 8.7 percent, while sauce prices are up 3.5 percent.
Beer prices are up 3 percent from a year ago, but considering the high inflation rate for Memorial Day staples, they’re still almost a bargain.
