Summer sticker shock: The 14% ‘burger tax’ hitting your backyard BBQ this weekend

Summer barbecue costs are up 2.4% year over year, with hamburger beef prices rising 14% and a cookout for 10 now averaging $161, according to Wells Fargo. The data points to persistent consumer price pressure in everyday food items, but the impact is limited and unlikely to move markets materially.

Analysis

Summer barbecue costs are up 2.4% year over year, with hamburger beef prices rising 14% and a cookout for 10 now averaging $161, according to Wells Fargo. The data points to persistent consumer price pressure in everyday food items, but the impact is limited and unlikely to move markets materially.