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Cost of 4th of July BBQ jumps 30%
This July 4th, your backyard barbecue may take a big bite out of your budget. The cost of a 10-person BBQ has jumped more than 30% in the past decade to an average of $68 this year, according to data released Wednesday by Rabo AgriFinance. Even in just the past year, prices on many items have risen: Beef is up 7.3%, lettuce 6.2%, tomatoes 6.8%, bread 4.4% and pickles 3.6%, and chips 1.3%. Even soda and beer have risen in price (0.9% and 0.4%, respectively). There are a variety of factors impacting food prices. Recent hikes in beef prices are due in part to small cattle herds, which hurt supply, and consumers’ ... (full story)