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Fourth of July cookout costs hit record high as inflation rises 4%

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Fourth of July cookout costs hit record high as inflation rises 4%

Americans preparing to hold a Fourth of July barbecue this weekend will face higher costs for their burgers and hot dogs amid stubborn inflation, a new report finds.

The American Farm Bureau Federation’s Summer Cookout Cost Survey finds that in 2026, a classic Fourth of July cookout for 10 people will cost $73.82, or about $7.38 per person. That amounts to an increase of $2.90, or 4% compared with a year ago.

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The basket of goods used to measure the cost year to year includes cheeseburgers, chicken breasts, pork chops, potato chips, pork and beans, fresh strawberries, ingredients for homemade potato salad and fresh-squeezed lemonade, as well as chocolate chip cookies and ice cream.

“While this year’s total is the highest since Farm Bureau began conducting the summer cookout survey in 2016, the increase closely reflects broader inflation,” the group wrote.

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Blue Marsh Lake During Fourth of July Saturday

The cost of a Fourth of July barbecue rose to the highest level since the American Farm Bureau Federation began tracking. (Ben Hasty/MediaNews Group/Reading Eagle via Getty Images)

“The cost of the cookout basket rose about 4%, while overall inflation in the United States increased 4.2% over the 12 months ending in May,” the Farm Bureau said. “That means families are seeing higher prices at the grocery store, but this year’s cookout cost is generally moving in line with the broader economy.”

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The report noted that the cost of the basket is little changed from a year ago when deflating the value using the consumer price index (CPI) inflation metric, with the cost of this year’s basket at $22.03 in 1982-84 dollars, slightly lower than the $22.06 observation using last year’s data.

That means that “while families are paying more dollars at checkout, the purchasing-power cost of the basket is nearly flat from last year,” the Farm Bureau added.

Among the food items in the basket, the report noted that several of the main proteins cost more as the two pounds of ground beef are up 5.5% to $14.06, which is the highest beef price recorded in the survey’s history. Drought has caused the size of the national cattle herd to trend to a 70-year low, while ranchers also face higher operating costs.

SUMMER STICKER SHOCK: THE 14% ‘BURGER TAX’ HITTING YOUR BACKYARD BBQ THIS WEEKEND

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A cheeseburger and fries

The rise in beef prices has contributed to the rise in the cost of the Fourth of July cookout. (iStock)

Chicken breasts are also 3.5% more expensive than last year, with two pounds now costing $8.06. Pork chop costs also rose 4.7% to $14.79 for three pounds, though they remain below the 2024 price despite this year’s rise.

Strawberries had some of the largest price increases in the basket of goods, with two pints costing $5.27, an increase of 12.4% from last year. The Farm Bureau attributed part of that to a damaging frost in Florida that impacted young plants this spring, as well as higher costs of labor, fuel, refrigeration and transportation.

Lemonade costs have risen 3.9% in the last year to $4.54 for 2.5 quarts, mainly due to the rise in the price of lemons, given sugar prices holding steady.

The largest increase of any item in the basket was pork and beans, which rose 13.8% to $3.06 for 32 ounces. The Farm Bureau noted higher aluminum costs contributed to the rise.

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BANK OF AMERICA CARDHOLDERS CAN VISIT 250 MUSEUMS FREE DURING JULY 4 WEEKEND

Bowl of ice cream

Ice cream costs have risen over 5% from a year ago. (Getty Images )

Desserts were also more expensive than a year ago. The price of a pack of chocolate chip cookies rose 6.3% to $4.25, while a half-gallon of ice cream rose 5.3% to $5.99 from a year ago.

Two items tracked by the Farm Bureau declined in price, with potato salad dropping 17.8% from a year ago to $2.91 amid the decline in egg prices with the recovery of egg-laying flocks from an avian flu outbreak.

Potato prices have also contributed to a decline in both the cost of potato salad and bags of potato chips, which are down 0.8% from a year ago to $4.76 apiece.

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The Farm Bureau’s analysis also noted that the cookout cost varies by region, with Americans in the West facing the highest cost at an even $80 this year, a figure which is $6 above the national average.

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The other three regions in the analysis were below the national average of $73.82, with the Northeast the cheapest at $71.35, followed by the Midwest at $71.45 and the South at $72.08.

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Capital One says it closed Trump Organization’s accounts after anti-money laundering probe

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Cenovus Energy Inc. 2026 Q2 – Results – Earnings Call Presentation (TSX:CVE:CA) 2026-08-01

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Fluence Corporation Limited 2026 Q2 – Results – Earnings Call Presentation (OTCMKTS:EMFGF) 2026-08-01

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Essex Property Trust, Inc. 2026 Q2 – Results – Earnings Call Presentation (NYSE:ESS) 2026-08-01

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How will adjustment in Japanese stocks impact the USD/JPY?

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Amerant Bancorp Inc. 2026 Q2 – Results – Earnings Call Presentation (NYSE:AMTB) 2026-08-01

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Soitec SA (SLOIY) Shareholder/Analyst Call Transcript

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Frederic Lissalde

Being broadcast. I hereby declare open the combined ordinary and extraordinary general meeting of Soitec. This meeting is convened to go over the agenda set out in the notice of meeting, which was sent to registered shareholders and also published in the official bulletin.. As the Chairman of the Board of Directors, I am chairing this general meeting, and I would now appoint the meeting’s officers. I hereby call upon the 2 members of the meeting which hold the largest number of votes, and they have agreed to fulfill this role to act as scrutineers.

So the company Bpifrance Participations, hereby represented by Mr. Samuel Dalens and the company called CEA Investissement represented by Ms. Julie Galland and Samuel Dalens and Julie Galland are seated in front of me here in the first row. The Chair and the scrutineers form the Presiding Committee of the meeting, and they appoint a Secretary, Emmanuelle Bely, who is the Secretary General of Soitec and also the Secretary to the Board of Directors and who is standing to my left. We now have the officers in place. Also present beside me are Laurent Remont, our new CEO since April 2026, who is attending his first Soitec Annual General Meeting; and Albin Jacquemont, our Chief Financial Officer.

The statutory auditors are also present in this room. One is Benjamin Malherbe for Ernst & Young Audit and Laurent Genin for KPMG. And we also have with us the directors who were able to attend those who could make themselves available. And I would like to thank them

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Weak rupee takes its toll on cos with huge foreign debt

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The global economic crisis is beginning to weigh heavily on India Inc���s balance sheet, courtesy the depreciating rupee. While a weakening rupee might bring cheer to export-oriented sectors such as IT and textiles, it has pushed up the foreign exchange liabilities of Indian companies.

Accounting rules, called AS-11 provisions, make it mandatory for companies to make mark-to-market provisions in their profit & loss accounts for any changes in foreign currency loans. The worst hit have been those companies that predominantly serve the domestic market and opted for foreign currency loans to finance their growth plans.

According to an analysis by ETIG, the profitability of companies will be dented by mark to market (MTM) losses. Tata Steel may report a forex loss of around Rs 344 crore, whereas Tata Motors could take a hit of Rs 311 crore. Tata Chemicals, which took a foreign currency loan of $475 million to fund its overseas acquisitions, is estimated to report a forex loss of Rs 187 crore. Ranbaxy, JSW Steel and Firstsource Solutions will lose Rs 100 crore and Rs 400 crore each. The list of companies is not exhaustive as an estimated dozen companies raised forex debt last year.

Thankfully, this is only an accounting entry and does not affect the cash flows. However, it is likely to be read negatively by the stock market. Market participants actively track companies��� net profits and any adverse development does affect valuations. The rupee had positively impacted most of the above companies till last year, but it has depreciated by over 9% in the quarter ended September 2008.
When the rupee depreciates, the value of foreign currency liability denominated in rupee terms increases and vice versa. According to AS-11 stipulations, an increase in liability should be reflected in the quarterly profit and loss statement and will translate into lower corporate profits. Most companies are focused on the domestic market and are therefore unlikely to benefit from a weakening rupee.


The falling rupee will severely affect the small companies, whereas the big ones will be impacted only moderately. Firstsource Solutions may report a net loss, while Tata Steel might see a 100 basis points decline in net profit margin on account of forex losses. To put things in perspective, most companies will experience a 10-50% hit on their operating profits.
Companies such as Reliance Communication, Reliance Industries and Bharti Airtel follow schedule-VI of the Companies Act, instead of AS-11 and are therefore unlikely to see an impact on their quarterly profit and loss statements. The operating profits of the two Reliance companies would have been lower by around Rs 800-900 crore if they had subscribed to the AS11 norms.

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Erste Group Bank AG (EBKDY) Q2 2026 Earnings Call Transcript

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