With record-high inflation rates and gas prices passing $5 per gallon, U.S. consumers may not be used to paying more, but they have come to expect it.
With Independence Day just around the corner, consumers should be prepared for a more expensive holiday weekend.
The average cost of a cookout is up 17% from last year, according to the American Farm Bureau Federation (AFBF). Supply chain disruptions, the war in Ukraine and inflation have caused the prices of Fourth of July favorites like hot dogs, potato salad and ice cream to increase, bringing the total cost of a cookout for 10 people to an average of $70.
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