Last year, it was estimated that families would spend a record high on 4th of July cookouts. The 2023 American Farm Bureau Federation marketbasket survey says that families will spend $67.73 for their cookout – down a little bit from last year.
The marketbasket survey shows a year-to-year increase in the cost of hamburger buns, beef and potato salad, while there are drops in the cost of chicken breasts, lemonade and cookies.
The retail price for a package of eight hamburger buns increased 17% to $2.26. Homemade potato salad will cost $3.44, up 5% from 2022. The cost of 2 pounds of ground beef rose 4% to $11.54.
So how much are you spending to cook out next week?
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