By Casey Harper (The Center Square)
The Super Bowl is an annual holiday for Americans filled with football, food and drink, but recent food price hikes mean it’s costing Americans more than ever to cater for a Super Bowl feast.
Although price data is not available for all typical brands, the latest data from the US Bureau of Labor Statistics shows that food prices have soared over the past two years, outstripping increased prices on other goods and services.
According to data released in January, food prices rose by 10.4% over the past year.
For example, deviled eggs may be off-limits as egg prices have risen 59.9% in the past year.
“The remaining major grocery store food groups posted increases ranging from 7.7 percent (meat, poultry, fish and eggs) to 15.3 percent (dairy and related products),” the BLS said.
The amount of alcohol has also increased. BLS data for all urban consumers showed that “beer, ale and other malt beverages at home” rose 8.6% in the past year, while alcoholic beverages overall rose about 6%.
Cheese dip may be a bit pricey this year for some customers. “Cheese and related products” rose 12.8% last year.
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Fruit and vegetable platters will become more expensive and fresh fruit and vegetable prices will rise by 6.4%.
Americans may be tempted to ditch fresh food and go for frozen food, but frozen and freeze-dried prepared foods have risen 15% in the past year. And the light category saw an increase of 11%.
Americans won’t miss out on high prices ordering takeout this Sunday. BLS data shows that the “food from home” index rose 8.3%.
There are some bright spots for American football fans. For example, according to Wells Fargo’s report, the price of chicken wings has decreased. However, overall chicken prices have increased.
Burgers may also be a good choice, as uncooked ground beef rose 0.7% last year, according to the BLS.
Syndicated with permission from The Center Square.
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