Americans love a good party and have no intention of canceling their 4th of July celebrations, but with gas and food prices up this year’s marking of the nation’s 250th birthday may look slightly different than their predecessors, experts told The Food Institute.
The American Farm Bureau Federation’s annual survey found the cost of the annual Independence Day cookout is up $2.90 from last year. Gas prices are up, and though AAA said a record number of Americans will be traveling, the increase is smaller than previous year-to-year comparisons. They also may be sticking closer to home.
“Consumers are not changing their plans for the 4th of July. They are only becoming more selective about how they choose to mark this occasion,” said Clay Cary, senior trends analyst and finance expert at CouponFollow.
“It appears that shoppers are becoming more value-conscious by planning their purchases to coincide with holiday deals, redeeming online coupons, and buying store brands when it suits them best. Rather than costly vacations or big celebrations, families have decided to go for simpler things, such as backyard barbecues or potlucks.”
Sell the Trend CEO Rachid Wehbi said inflation has forced shoppers to change their thinking.
“Shoppers will not be going to big, expensive, traditional firework-BBQ-everyone-invited events,” Wehbi said.
“We’ll see more backyard gatherings featuring potluck meals and the use of discount, reusable, and temporary decorations.”
The farm bureau said its market basket survey for the average cookout for 10 guests rose to $73.82, up 4% from last year. Among the items surveyed were ground beef, pork and beans, strawberries and hamburger buns. Strawberries are up 12.4% at $5.27 for two pints because of frost in Florida and labor costs while ground beef is up 5.5% to $7.03 a pound, largely because of herd culling as a result of drought.
The cost of aluminum has pushed up canned pork and beans prices by 37 cents to $3.06 for a 2-pound can, and hamburger buns are up 7.7% to an average $2.53 because of higher production, transportation and labor costs.
Inflation Fuels Backyard BBQs
Instacart reports shoppers are filling their carts with hot dogs, sweet corn and baked beans, along with potato chips and the ingredients for s’mores, at volumes tripling and quadrupling that bought on an average day.
Marty Bauer, e-commerce and retail expert at Omnisend, cited a Mecca Bingo study that noted more than half of Americans intend to stay home this year while a third will be traveling within their states.
“In other words, this year, the community wins over expensive trips and vacations,” Bauer said, adding that the more frugal approach is likely to stick.
“Food prices have been compounding for years and have basically reshaped consumer behavior. Strategic shopping, meticulous budget planning, and emphasis on value for money are now something that most Americans do every day,” Bauer said.
AAA predicted 72.2 million Americans will travel at least 50 miles from home between June 27 and July 5, up from 71.8 million last year, despite higher gas prices.
“For many Americans, traveling the week of July 4th is tradition,” said Stacey Barber, vice president of AAA Travel. “The 9-day travel forecast includes travelers who are vacationing all week and people just getting away for the long holiday weekend. While the overall number of Independence Day travelers appears to be plateauing, we’re still expecting record volumes this year.”









































































































































