Your Memorial Day burgers and hot dogs will be more expensive this year. Grocery prices have been increasing because of disruptions to the supply chain and the increase in people eating at home during the pandemic.
Meat, especially, has become more expensive because major processing facilities have shut down due to worker illnesses.
- The average price of fresh beef rose 9% during the week ending May 9 compared to the same period last year
- The average price of processed meat increased by 6%
- The average price of fresh chicken increased by 5%
The prices of other Memorial Day staples have also increased.
- Consumers paid 7% more for hot dogs, 4.5% more for carbonated drinks, and 3.8% more for snacks in April, according to data from the Bureau of Labor Statistics.
Looking to get more bang for your buck? Avoid traditional grilling items and get a little fancy. Although they’re more expensive than burgers and hot dogs, you’ll be able to find great deals on specialty items like lobster tails and filet mignon. These items would normally be sold to restaurants, but with many establishments closed due to lockdown restrictions, you’ll be able to scoop them up at a discount.