Bidenflation: Memorial Day barbecue staples cost more this year Meat, 'staples and the condiments. Bidenflation has caused food prices to reach new heights and this year the Memorial Day backyard barbecues are costing more than they did for last year’s get-togethers.' And last year's were more expensive than the year before. Prices for steaks and bone-in chicken are up this year: 'The price of ketchup has increased 28%, mustard has risen 13.04%.' 'Steak, it will cost about 2.8% more than it did last year, bone-in chicken rose by about 8 cents per pound.' y 'People switch to store brands or shop at discount stores like dollar stores. Everyone feels the pinch of Bidenflation.' '9% more than they did last year for a family-sized selection of barbecue essentials, including eight-count packs of hot dogs, burgers, hamburger buns, and hot dog buns, along with relish, ketchup, and mustard.' Our wages didn't go up 9%. '“Most people will be paying more for the hamburger bun and condiments than they did a year ago, and the price of beer has also increased,” ' 'Bureau of Labor Statistics’ April Consumer Price Index. The cost of food in April was up 7.7% year over year. Want some chips with your burger or hot dog? It’s gonna cost more, especially for name brands. Beverages are up, too. Alcoholic beverages are up 4.6% compared to 2022 and carbonated soda is up 11.9% compared to 2022. Bakery goods for dessert are up 12.9%. It all adds up.' Too much Federal Spending, that's what is driving all these prices increases. Pleasse discuss.
Everything is going up. The only thing democrats want to bring down are Hunter’s child support payments.
Looks like the cost of your memorial day BBQ is going to cost about 25 cents more per person this year. It's not a every effective way to demonstrate the impact of inflation if the goal is to show it's a big deal.
Unfortunately, 4.9% is still too high. As usual, inflation, once it started, is stubborn to bring back in control. That's not a surprise if history is your guide. In today's economy, it seems that consumers are still more inclined to put it on the credit card than to cut back. That's why Powell's rate hikes are working so slowly. it looks like another hike is in the cards at the next Fed meeting. The more this goes on, the less likely it is that we'll emerge from this without a recession. The private debt overhang eventually becomes too large...
So Biden was asked about the rising cost of BBQ staples on Memorial Day and his response was why would anyone care about office supplies on their day off?