|Posted by JJ The Psychotherapist on June 27, 2022 at 11:25 PM||comments (0)|
Last year the Biden admin touted a paltry $0.16 decline in July 4 cookout costs — this year the average cost is up more than $10
The Biden administration received criticism in 2021 for claiming a $0.16 decrease in the cost of July 4 cookouts compared to the cost in 2020, while the American Farm Bureau Federation reports that Independence Day cookouts will cost 17% higher this year.
According to the AFBF marketbasket study, the average price for a 10-person cookout in 2022 is $69.68, which is $10 more than the average cost in 2021 of $59.50.
The poll includes items such as ground beef, hamburger buns, potato chips, ice cream, and others. While some things' prices have decreased, others have climbed. According to the report, the cost of two pounds of ground beef has increased by more than a third since last year.
The White House was chastised in 2021 for emphasizing a meager $0.16 drop in cookout expenses compared to 2020. "Planning a cookout this year? Ketchup on the news," stated an unfunny White House tweet."According to the Farm Bureau, the cost of a 4th of July BBQ is down from last year. It’s a fact you must-hear(d). Hot dog, the Biden economic plan is working. And that’s something we can all relish."
"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," According to AFBF Chief Economist Roger Cryan. "Bottom line, in many cases the higher prices farmers are being paid aren’t covering the increase in their farm expenses. The cost of fuel is up and fertilizer prices have tripled."
The study findings come as Americans face financial distress as a result of rising inflation, which is reducing the buying power of their savings and incomes.
According to consumer price index data from the U.S. Bureau of Labor Statistics, "The all items index increased 8.6 percent for the 12 months ending May, the largest 12-month increase since the period ending December 1981."
As of Monday, the AAA national average price for a gallon of regular gas is $4.897.
President Joe Biden has stated that combating inflation is one of his top priorities. "top economic priority."However, if the soaring inflation crisis remains, Democrats may suffer during the 2022 midterm election cycle.