- RVM News - https://www.rvmnews.com -

Bidenomics Has America Singing The Memorial Day Barbeque Blues As Costs Soar [VIDEOS]

As Americans gear up to celebrate Memorial Day weekend with traditional cookouts and gatherings, they are facing a harsh reality: the cost of hosting these events has significantly increased due to soaring inflation rates caused by Bidenomics. According to recent reports, the average price for essential cookout items has seen a notable uptick, leaving consumers with higher bills at the checkout counter.

WalletHub [1]‘s latest data reveals that the average cost to kick off the unofficial start of summer has gone up to $30, a 10% surge compared to the previous year’s price tag of $27. This increase has been felt across various components of the cookout ensemble, with the rising cost of burgers being a predominant factor in the overall jump.

Consumer Affairs has echoed these findings, highlighting that staple items such as burgers, hot dogs, buns, and condiments have collectively become pricier. Notably, the price of burgers has seen a 15% increase, with an order of eight patties now costing $8.07. Similarly, buns and condiments have experienced slight upticks in pricing, adding to the financial burden faced by consumers.

The surge in condiment prices, particularly a 2% increase in a 32-ounce bottle of ketchup and a 3% increase in a 20-ounce bottle of mustard, points to broader inflationary pressures impacting everyday household goods. Moreover, a significant 49% spike in the price of a 26-ounce jar of relish, attributed to a pickle shortage sparked by extreme weather in Mexico, underscores the multifaceted challenges driving up costs for American consumers.

Amidst these concerning trends, the inflationary impact has not spared beverages, with beer prices rising by 3% compared to the previous year, as reported by the Labor Department’s Bureau of Labor Statistics. This escalation in costs is part of a broader trend that has seen grocery prices surge by over 21% since Joe Biden assumed office in January 2021, adding to the financial strain felt by households across the nation.

Beyond the immediate impact on cookout essentials, the inflationary wave has extended to other food categories, such as steak, ground beef, pork, poultry, canned fruits and vegetables, and frozen non-carbonated juices and drinks. The latest consumer price index data from April underscores the across-the-board increase in food prices, with hikes ranging from 1.2% to a staggering 29.2% for specific items.

Looking ahead, the unforeseen challenges posed by extreme weather events in key agricultural regions globally, including Australia, Russia, and Brazil, continue to cast a shadow on future food prices. The implications of these disruptions on crop harvests, alongside the ongoing efforts of the Federal Reserve to manage inflation through interest rate hikes, point to a volatile landscape that could further strain consumer budgets in the months to come.

As Americans navigate these turbulent economic waters, the impact of rising costs on daily necessities and celebratory occasions like Memorial Day cookouts serves as a reminder of the broader challenges posed by Bidenflation and its cascading effects on household finances. With the Federal Reserve closely monitoring these developments, consumers are left grappling with the escalating costs of goods and services, signaling a continued period of economic uncertainty for families nationwide.