Inflation might be even more explosive than Fourth of July fireworks this year as families grapple with pricier cookouts and holiday plans.
The cost of a July Fourth cookout is expected to be 17% higher than last year, according to a market basket survey by the American Farm Bureau Federation. That is a number that outpaces headline inflation, as prices on average are 8.6% higher from a year ago, according to the consumer price index. It also represents a major reversal from the small savings for the holiday that the Biden White House infamously touted in 2021 — to the derision of commentators.
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