Fourth of July foods and how much some popular items cost this year

foxbusiness.com:

Celebrity chef and restaurateur David Burke shares his favorite Fourth of July recipes for your cookout.

Americans hitting the grocery stores amid inflation to stock up for Fourth of July parties will see some reprieve on the costs of certain foods and not on others, a recent Wells Fargo report found.

The Wells Fargo Agri-Food Institute report looked at the average cost of food items for a July Fourth barbecue, ranging from meats and bread to cookies and beer. It drew from data released by the Bureau of Labor Statistics (BLS), including the Consumer Price Index (CPI).

Inflation measured by the CPI experienced a 0.1% increase month over month and a 4% increase year over year in May, marking some cooling, FOX Business previously reported. For food at home, it rose 01.% from April to May and 5.8% from the same time last year.

GAS PRICES DROP AHEAD OF 4TH OF JULY WEEKEND

How much people will spend on proteins for their Fourth of July cookouts will depend on the type they choose, the Wells Fargo report indicated.

For making burgers, the cost of a pound of ground beef, at an average of $5.36, has increased less than 1% compared to a year ago, the report said, citing the BLS. Throwing a sirloin steak on the grill, meanwhile, will have a per-pound price of $10.75, marking a nearly 3% increase year over year.

For making burgers, the cost of a pound of ground beef, at an average of $5.36, has increased less than 1% compared to a year ago, the report said, citing the BLS. (Getty/File)

Chicken breasts, on the other hand, cost $4.24, dropping nearly 2% from a year ago, the Wells Fargo report found.

Some burger fixings will be more expensive this year, such as processed cheese, which the Wells Fargo report said has had a 10% spike