Are you planning a Fourth of July party this weekend? If so, be prepared to pay more for your barbecue and other food items this year compared to years past.
The U.S. Department of Agriculture predicts food-at-home — food that you buy at a grocery store and cook at home — prices to increase between 8.5 and 9.5 percent in 2022.
The impacts of Russia’s invasion of Ukraine are expected to put pressure on increasing food prices, according to the Department of Agriculture, but increased interest rates from the Federal Reserve to combat inflation is expected to slow that rise somewhat.
But there are also isolated issues around the world impacting specific food groups.
Reports of African Swine Fever in China resulted in higher pork chop prices hitting $4.18 per pound in April. A rebound from the fever, port congestion, and higher shipping costs have helped reduce demand and slightly lower the price to $4.13 per pound ahead of Independence Day. The Department of Agriculture is still predicting a seven to eight percent increase in pork by the end of 2022.
Avian Influenza in the United States, including Idaho, has also increased poultry prices, affecting over 40 million birds. The cost for a pound of bone-in chicken legs is $1.86 per pound heading into the weekend, an increase from $1.62 last year and $1.58 in 2020.
Prices in Boise follow the same trends, but there are some deals for the holiday weekend.
Three pounds of chicken legs at Albertsons usually costs $3.87 but are currently on sale for $2.97, coming out to just 99 cents per pound. Elsewhere, Fred Meyer sells chicken legs just above the national average at $1.79 per pound, while Trader Joe’s is way above the average at $2.99 per pound.
Albertsons also offers tofu and meat alternatives, including vegetarian sausages for $5.99 per pack, plant-based pea protein patties for $5.99 and plant-based hot dogs for $4.49.
The following charts show how some Fourth of July favorites have increased in price over the years. A combined chart also indicates how ingredients to make a salad have increased over the past two years.
All prices come from the U.S. Bureau of Labor Statistics.