Shopping lists for the football feasts are likely to cost between 8 percent to 14 percent more than they did one year ago, according to economists at Wells Fargo.
Shopping lists for the football feasts are likely to cost between 8 percent to“You’re gonna find some bargains, especially around chips and guacamole and some fresh fruits and vegetables, but right around proteins, especially steak, hamburgers and chicken wings, it’s going to be very expensive this year,” Wells Fargo Chief Agricultural Economist Michael Swanson said.
Popular meat items such as hamburgers and chicken wings have ballooned in cost during the COVID-19 pandemic, as the country contends with supply chain disruptions, labor shortages and shipping delays.New data shows that snack prices for the upcoming Super Bowl will be at an all-time high due to the recent inflation that has gripped the US.Analysts have said while snack like chicken wings and hamburgers have swelled in prices, healthier foods have remained low in price.
Swanson suggests pork as a slightly cheaper alternative, noting prices are up just 7 percent year-over-year. Snacks – even the healthier ones – could be a more sensible alternative. Wells Fargo notes that avocado and guacamole prices are up just one percent compared to last year. Potato chips are also up about one percent, while many vegetables are flat or slightly less expensive.“If you’re going to feature fruits and vegetables, potato chips, you’re going to get a good bang for your buck. Those are some ways to stretch that dollar,” Swanson said.
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