Navigating grocery stores for Super Bowl food will be a challenge this year due to fluctuating prices. Some items will be more expensive, while others will be cheaper. Wells Fargo economists provide insights on the price trends of popular Super Bowl foods and offer tips for saving money.
Navigating the supermarket aisles for Super Bowl food will be a challenge this year, as prices for game-day staples are expected to fluctuate like a 'seesaw,' according to Wells Fargo economists. Some fan favorites will see prices surge as much as 12% compared to last year, while others will experience significant price drops.
Michael Swanson, Wells Fargo Chief Agricultural Economist, stated in a recent report that a menu for 10 people is estimated to cost just over $139, remaining relatively stable with the 2024 price which was only about 10 cents higher. 'Consumers are faced with the new challenge of becoming ‘food fluent’ given ongoing price fluctuation,' the report highlights. The reason for this seesaw effect lies in the varying supply chains of different food categories. Some categories, like field vegetables, can increase supply more rapidly, while others, such as avocados, take years to expand production. Additionally, Swanson points to strong consumer demand for certain items as a driver of price increases.Swanson explained to FOX Business that unlike the past four years, where prices predominantly saw significant increases, this year presents a mixed bag. 'There are both food prices that are falling as well as rising,' he stated. 'The option the last couple of years were whether they went up a lot or a little.' He stressed that there are 'important categories that are noticeably lower than last year,' citing examples like frozen pizza, where prices have declined year-over-year. 'That speaks to a competitive supply taking advantage of good harvests for crops,' Swanson said.This fluctuating pricing landscape offers consumers opportunities to save money. While high demand has driven up costs for items like avocados and chicken wings, Swanson suggests exploring alternative options like shrimp tacos, which benefit from lower prices compared to last year. If cost-saving is a priority, Swanson recommends utilizing the Wells Fargo Agri-Food Institute's pricing chart, which identifies items to avoid. The chart reveals that certain vegetables like broccoli have seen prices fall 7.2% compared to 2024, while cherry tomatoes have increased by 11.9%. Avocado prices have risen by 11.5% year-over-year, but making guacamole from scratch remains more cost-effective despite the avocado price increase. Chicken wing prices have jumped 7.2%, but whole frozen shrimp have dipped 4% compared to last year.Snack prices are generally down, with tortilla and potato chips experiencing a decrease. The overall cost of chips and guacamole dip is only two cents higher than in 2024. Beverage prices have increased by 2% overall, with beer and wine seeing the largest rise. Consumers seeking a more budget-friendly option are advised to choose two-liter bottles of soda over 12-ounce cans.
Super Bowl Food Prices Inflation Grocery Shopping Savings Tips Wells Fargo
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Super Bowl Food Prices: A Seesaw of Savings and SurgesNavigating Super Bowl food prices this year will be a challenge as some items see significant price increases while others see decreases. A Wells Fargo report predicts a menu for 10 people will cost just over $139, similar to last year. The report highlights the need for consumers to be 'food fluent' due to these fluctuating prices, driven by supply chain dynamics and consumer demand.
Read more »
Super Bowl Odds: Sportsbooks Breathe Easier After Lions Loss Erases Super Bowl LiabilitySportsbooks breathed a sigh of relief after the Detroit Lions were eliminated from the NFL playoffs on Saturday night.
Read more »
Super Bowl Odds: Chiefs Favored By 1.5 Points Over Eagles in Super Bowl 59The latest hypothetical odds if the NFC Champion Philadelphia Eagles face the Kansas City Chiefs in Super Bowl 59 in New Orleans.
Read more »
Super Bowl Predictions: 5 Super Bowl 59 Bets to Make Right Now for Chiefs vs EaglesJason Logan breaks down the five best Super Bowl predictions to make right now including game totals, player props, and Super Bowl MVP.
Read more »
Julian Edelman on Angel Soft Bathroom Break Super Bowl Ad and Super Bowl LVII MatchupJulian Edelman discusses his new Super Bowl commercial for Angel Soft that encourages viewers to take a bathroom break during the game. He also shares his thoughts on the Super Bowl matchup between the Kansas City Chiefs and Philadelphia Eagles.
Read more »
How to Approach Super Bowl Betting Trends in 2025Learn about historic Super Bowl betting trends, and trends to avoid for Super Bowl 59.
Read more »