The average Memorial Day activities will cost Americans 10% more than last year.
Groceries for a cookout are expected to cost $30.18 this year, up from $27.39 last year, according to an analysis by Datasembly.
While overall food prices have increased, one ingredient commonly used at cookouts, relish, has had an almost 50% increase in cost.
Last year, relish cost $3.14. The price has gone up to $4.67, or an increase of 48.73%.
The price of burgers has increased almost 15%.
According to the consumer price index, “meats, poultry, fish, and eggs rose 1.0 percent over the 12 months ending in April, and the index for cereals and bakery products increased 0.6 percent over the same period.”
Forbes reported that steaks are 7% more expensive than last year.
The cost of alcoholic beverages, such as beer, is also 10% more expensive.
A recent Gallup survey found that 41% of Americans say inflation is the most important financial problem affecting their family.
“Before 2022, the highest percentage mentioning inflation was 18% in 2008,” Gallup wrote. “Inflation has been named by less than 10% in most other readings since the question was first asked in 2005.”
