Hamburger Costs Rise 14% From Last July 4 Says Wells Fargo
Bloomberg 2026-07-02 19:19:29
Context: The cost of hamburgers has increased by 14% compared to last year's July 4th, according to a report by Wells Fargo. The rise in food costs is affecting families across the US, with a party of ten expected to cost an average of $161. This information was shared by Robin Wenzel, Head of Wells Fargo Agri-Food Institute, in an interview with Bloomberg Businessweek Daily.
Key Facts
- The cost of a party of ten is expected to average $161, with hamburgers and ribs being popular protein choices for backyard BBQs, according to Wells Fargo's report titled "Stay Close, Grill Big: Why Backyard BBQs Are Taking Over Summer 2026".
- The price of hamburgers has specifically risen by 14% from last year's July 4th, as reported by Wells Fargo's Agri-Food Institute.
- Ribs are serving as a prime choice for protein at backyard BBQs, alongside hamburgers, as families across the US face rising food costs.