Not Even Super Bowl Parties Are Safe From Runaway Food Inflation

Food Inflation The US’s recent two-year grip on its economy will be a significant hindrance. Super Bowl Even parties as far as Football Fans can make savings depending on what snacks they purchase.

According to, the December 2021-December 2022 price of food at home has increased 11.8%. Data According to the Bureau of Labor Statistics prices for food taken away from home increased 8.3% during the same time period. The past year has seen significant increases in prices for all segments of the former category, including cereals, bakery goods, meat, and poultry.

The high price of tickets for family and friends who are coming together to see the Philadelphia Eagles play the Kansas City Chiefs will be a problem. If hosts provide chips and dip for their guests, they are likely to be viewed as a host. Survey Better Homes and Gardens, who identified potato chips as their most loved game day snack will now face higher prices for tomatoes grown in the field. The price of tomato fields has risen 16.9% in the past year. The cost of potato chips has also increased by 22% while cheddar cheese and American cheese prices have increased 14%, 19.7% and respectively.

The survey respondents believe that higher prices for cheese and tomatoes could cause an increase in pizza prices, which is the third most popular food. All-purpose white flour, which is another common ingredient of pizza, is also 34.5% more costly than last year.

There are still cost savings for football fans. An analysis by an industry expert shows that chicken wings are the second most-loved Super Bowl food, having fallen 21.6% in the last year. Analyse Wells Fargo. Chicken legs are 3.9% cheaper

However, common side dishes and beverages are more expensive. The prices of chocolate chip cookies has risen by 21.6% in the last year while the prices for malt beverages like beer have increased 10.9%.

Inflation has not been a problem for the Super Bowl in recent years. According to an analysis, the cost of Thanksgiving dinner increased 20% between 2021-2022. Analyse The American Farm Bureau Association provides the following information: Cost A Fourth of July cookout saw 17% growth.

President Joe Biden Claim Prior to his second State of the Union address, the United States experienced annualized headline inflation which declined. “six months” His economic policies. Despite the recent slowdown of price rises driven by lower energy prices, year-overyear inflation was recorded at 6.5% as of December 2022. According to Data The Bureau of Labor Statistics estimates that the December 2020 rate of 1.4% was almost quintupled.

However, the commander in chief asserted himself during the landmark Speech The food prices are “coming down” As take-home pay rises. However, prices have risen at a faster pace than nominal wages in the last two years. This is a sign of a loss of purchasing power.

“Inflation has been a global problem because of the pandemic that disrupted supply chains and Putin’s war that disrupted energy and food supplies. But we’re better positioned than any country on Earth,” Biden spoke to lawmakers and top government officials during the speech. “We have more to do, but here at home, inflation is coming down.”