Monday, July 4, 2022

Americans Are Cutting Back This Fourth of July — What? Biden's America! We Don't Cutback on the Fourth or Any Other Day, and This Guy's Blaming Gas Stations

Out of touch in putting it mildly, on Twitter below.

Americans should be enjoy the blessings and bounties of the country today, not worrying whether they can afford a couple of pounds of ground beef. It's ridiculous.  

And at the Wall Street Journal, "Fourth of July Cookouts Attract Party Crasher: Rising Food Costs":

The average cost of a summer cookout rose 17% from last year, according to a survey, prompting some Americans to dial back their festivities.

As the price of food continues to climb with the Fourth of July approaching, Jayne Crucius had to decide whether she would grill her traditional beef tenderloin.

When Ms. Crucius saw that a five-pound beef tenderloin would set her back about $135, she decided to skip it. Instead, she’s serving chicken and pork ribs at a Fourth of July party at her cottage in Atkinson, N.H.

“We can eat a lot of chicken for that kind of money,” said Ms. Crucius, who is 74 years old.

Consumers across the U.S. are choosing between dialing back on their Independence Day celebrations or accepting the higher costs at the grocery store. The average cost of a summer cookout for 10 people this year is $69.68, a 17% increase from last year, according to a survey from the American Farm Bureau Federation, an advocacy group that represents farmers.

The rise hit most Fourth of July staples, including hamburgers, pork chops, potato salad and ice cream, according to the American Farm Bureau Federation. The price of ground beef is up 36%, vanilla ice cream jumped 10% The AFBF attributes the price increases to continuing supply-chain disruptions, inflation and the war in Ukraine. The supply-chain problems and inflation have also increased the costs of farm supplies, putting the squeeze on farmers, according to the federation.

Beer lovers are also going to pay more this year if they want to sip their lagers and ales while enjoying the fireworks. Beer prices are up nearly 25% for the year to date, according to an analysis by Wells Fargo, while wine prices have risen about 6%.

U.S. consumer inflation rose by 8.6% in May, its highest jump since December 1981, according to the Labor Department. Increases in energy prices and a nearly 12% rise in grocery costs drove May’s inflation jump, the department said.

There doesn’t appear to be any relief on the horizon for consumers. Some of the nation’s biggest food suppliers have said they would continue to raise prices as they face higher costs for labor, packaging, ingredients and transportation. The increase in fuel costs is also making it more expensive to produce and sell food.

Rising gas prices are hurting consumers too. With less disposable income, more shoppers are searching for ways to stretch their dollars.

Susan Doherty, who is semiretired and lives in Windham, N.H., said she and her husband are eating more chicken and pork for dinner because beef has gotten so expensive.

Ms. Doherty said she typically serves marinated sirloin steak tips for her Fourth of July party. But this year, she plans on buying fewer steak tips and will supplement the beef with marinated chicken, she said...