Your July 4 cookout will cost 11% more this year. See how much the price of everything —from beer to burgers — has gone up.

Áine CainJun 29, 2022, 00:22 IST

A man holds a burger topped with an American flag decoration.Getty Images

Other than fireworks, nothing says Fourth of July more than a backyard barbecue.
But this year, inflation may make some of those gatherings more pricey than usual.

In the United States, the Fourth of July is linked with two things: fireworks and food.

Americans traditionally celebrate the holiday with festive cookouts. The summertime feast typically features items like burgers, hot dogs, booze, and frozen treats.

But thanks to inflation, purchasing classic Independence Day staples could leave consumers feeling like a round of firecrackers just went off in their wallet.

Wells Fargo sector analyst Karol Aure-Flynn recently broke down the latest price increases in a blog post for the bank, finding that a cookout for 10 could spike in price by 11% year over year.

1. Beef: Burgers are a classic Fourth of July meal, although this year fresh ground beef has gone up 11.8%.

A beef burger on a grill.

2. Frozen treats: According to Wells Fargo, ice cream prices could have consumers feeling the chill, with a 6% spike over the last year. That being said, those looking for a thaw could opt for "nondairy desserts, such as sherbet, gelato, and popsicles," which dropped in cost by 4.5% according to the bank.

An adult hands a frozen treat to a child.Getty Images

2. Frozen treats: According to Wells Fargo, ice cream prices could have consumers feeling the chill, with a 6% spike over the last year. That being said, those looking for a thaw could opt for "nondairy desserts, such as sherbet, gelato, and popsicles," which dropped in cost by 4.5% according to the bank.

3. Booze: A pre-cookout trip to the liquor store could leave some shoppers' heads spinning. The cost of beer is up nearly 25% over last year. Cost-conscious consumers may instead opt for wine, which has only seen a 5.8% uptick.

Bottles of beer sit in a cooler.Getty Images

3. Booze: A pre-cookout trip to the liquor store could leave some shoppers' heads spinning. The cost of beer is up nearly 25% over last year. Cost-conscious consumers may instead opt for wine, which has only seen a 5.8% uptick.

4. Pretzels: Wells Fargo found that pretzel prices have only gone up 5%.

A pile of pretzels.Getty Images

5. Vegetables: Wells Fargo estimated that the retail produce prices have gone up 7% overall. Fresh tomatoes have seen a 1% increase, making them the low-cost topping of the summer.

A cluster of red, ripe tomatoes.Getty Images

5. Vegetables: Wells Fargo estimated that the retail produce prices have gone up 7% overall. Fresh tomatoes have seen a 1% increase, making them the low-cost topping of the summer.

6. Condiments: Mayonnaise, ketchup, and mustard have all undergone price increases, largely thanks to the rising cost of raw ingredients, an increase in takeout orders, and even climate change.

A spoonful of mayonnaise.Getty Images

6. Condiments: Mayonnaise, ketchup, and mustard have all undergone price increases, largely thanks to the rising cost of raw ingredients, an increase in takeout orders, and even climate change.

7. Buns: According to Wells Fargo, hamburger and hot dog buns have spiked 10% in price since last year, partly due to the war in Ukraine. The nation is a major grain producer.

Texas Wiener hot dogs sit on a tray.Getty Images

7. Buns: According to Wells Fargo, hamburger and hot dog buns have spiked 10% in price since last year, partly due to the war in Ukraine. The nation is a major grain producer.

8. Sodas: Wells Fargo found that national-brand sodas increased 13% in price since 2021.

A close-up shot of soda bubbles.Getty Images

9. Pork: According to Wells Fargo, swapping out burgers for pork chops could be a money-saving move this Independence Day. The bank found that prices for pork are up 3.1%, far less than other proteins.

A grilled pork chop.Getty Images

9. Pork: According to Wells Fargo, swapping out burgers for pork chops could be a money-saving move this Independence Day. The bank found that prices for pork are up 3.1%, far less than other proteins.

10. Chicken: Chicken prices have taken wing over the past year, with wings skyrocketing by 38% and breasts soaring by 24%.

Chicken on a barbecue grill.Getty Images

11. Hot dogs: Last year, hot dog prices went up around the Fourth of July. And this year, it's the same story for frankfurters. Wells Fargo estimated that hot dog costs jumped more than 12% this year.

Hot dogs on a grill.Getty Images

11. Hot dogs: Last year, hot dog prices went up around the Fourth of July. And this year, it's the same story for frankfurters. Wells Fargo estimated that hot dog costs jumped more than 12% this year.

Americans are flocking to warehouse club gas stations as prices continue to skyrocket. It's easy to see why.

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Your July 4 cookout will cost 11% more this year. See how much the price of everything &mdash;from beer to burgers &mdash; has gone up.

1. Beef: Burgers are a classic Fourth of July meal, although this year fresh ground beef has gone up 11.8%.

3. Booze: A pre-cookout trip to the liquor store could leave some shoppers' heads spinning. The cost of beer is up nearly 25% over last year. Cost-conscious consumers may instead opt for wine, which has only seen a 5.8% uptick.

4. Pretzels: Wells Fargo found that pretzel prices have only gone up 5%.

5. Vegetables: Wells Fargo estimated that the retail produce prices have gone up 7% overall. Fresh tomatoes have seen a 1% increase, making them the low-cost topping of the summer.

6. Condiments: Mayonnaise, ketchup, and mustard have all undergone price increases, largely thanks to the rising cost of raw ingredients, an increase in takeout orders, and even climate change.

7. Buns: According to Wells Fargo, hamburger and hot dog buns have spiked 10% in price since last year, partly due to the war in Ukraine. The nation is a major grain producer.

8. Sodas: Wells Fargo found that national-brand sodas increased 13% in price since 2021.

9. Pork: According to Wells Fargo, swapping out burgers for pork chops could be a money-saving move this Independence Day. The bank found that prices for pork are up 3.1%, far less than other proteins.

10. Chicken: Chicken prices have taken wing over the past year, with wings skyrocketing by 38% and breasts soaring by 24%.

11. Hot dogs: Last year, hot dog prices went up around the Fourth of July. And this year, it's the same story for frankfurters. Wells Fargo estimated that hot dog costs jumped more than 12% this year.

Your July 4 cookout will cost 11% more this year. See how much the price of everything —from beer to burgers — has gone up.