Norman Rockwell celebrated the 'four freedoms' at the cornerstones of American life as freedom from fear and want, freedom of speech and of worship. Unfortunately, there's no freedom from inflation, which will be on display this Independence Day for anyone planning to exercise their right to host a party.
A new survey has found the average price for a cookout is up 17%.
The survey from the American Farm Bureau Federation found that Americans will pay an average of about $69.68 for a cookout for 10 people this 4th of July, up $10 from last year.
Several factors are playing a role in the increased bill for 4th of July get-togethers, including soaring inflation and supply chain disruptions raising the cost of cookout staples like chicken, pork, beef, lemonade, buns, and other products.
American Farm Bureau Federation Chief Economist Roger Cryan shared in a statement that it's not only consumers suffering but those who make the food as well.
"Despite higher food prices, the supply chain disruptions and inflation have made farm supplies more expensive; like consumers, farmers are price-takers not price-makers," Cryan said.
He continued, saying that "in many cases the higher prices farmers are being paid aren't covering the increase in their farm expenses," with prices for things like fertilizer and fuel tripling.
When looking at products directly, meat has gone up the most in price from last year, with two pounds of ground beef being 36% more expensive, two pounds of chicken breasts being 33% more expensive, and three pounds of center-cut pork chops being 31% more expensive.
Other foods listed on the survey to see a price spike include hamburger buns at 16%, potato salad at 19%, a half-gallon of ice cream at 10%, chocolate chip cookies at 7%, fresh-squeezed lemonade at 22%, and pork and beans at 33%.
But while Americans will be spending more in some parts of the grocery store, other areas have seen relief, with the cost of things like strawberries, sliced cheese, and potato chips falling in price.
Those planning on attending a cookout are still not in the clear either, as the national average for a gallon of gas continues to be near its all-time high, currently sitting at $4.88, according to AAA.
Either way, you look at it, celebrating freedom this year will cost a little bit more.