According to recent statistics from a National Retail Federation (NRF) poll, average per-person expenditure on Fourth of July food goods increased to $93.34 in 2023 despite ongoing inflation.
The amount is the most the NRF has ever seen since the survey’s inception in 2003 and represents a rise of $9.22 from the average individual cost of $84.12 last year.
8,225 customers participated in the poll, which was conducted from June 1 to June 7.
With the exception of 2019, the average cost of meals on the Fourth of July has increased each year, from just $68.16 per person in 2014.
The research is being released as Americans suffer with inflation, which reached a 40-year high in 2022.
Consumer food prices increased by 10.9% between July 2021 and July 2022, the highest 12-month increase since May 1979, according to the Bureau of Labor Statistics (BLS).
According to BLS, prices for food at home rose 13.1 percent,\ while there was a 7.9% increase in the price of meals away from home over the course of a year.
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