Wells Fargo analysts looked into how much food will cost for families slated to hold Fourth of July barbeques. Home cooked meals will save consumers a substantial amount.
Fourth of July cookout costs will rise compared to last year. However, Wells Fargo analysts projected that the cost of home-cooked meals compared to eating out will be "substantial." While the worst of food inflation has passed, prices are still up on an annual basis. The cost of food rose 0.1% over the course of May. Although grocery prices were unchanged, the price of food away from home jumped 0.4%. In a report led by Chief Agricultural Economist Dr.
According to the data, the current cost to prepare a quarter pound hamburger with cheese, tomato, and lettuce at home is $2.16 per burger. By contrast, the cost of a home-grilled burger, taken from a sample of five popular Quick Service Restaurants , shows the average price of a quarter-pound burger is $6.95. The restaurant labor and overhead made the QSR burger over three times more expensive.
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