Memorial Day celebrations and travel will cost Americans more this year thanks to inflation, according to the latest price data.
Inflation has been spiking since the spring of 2021, when pandemic restrictions began to ease. Although it has slowed since then — April’s 3.4% annual inflation rate is down from April 2022’s eye-popping 8.3% rate — it remains well above the usual 2% average.
This has hiked prices for basic necessities like groceries and gas, putting pressure on families to make ends meet and driving up the cost of the traditional summer cookout.
Groceries for the average cookout will cost Americans about 10% more than they did for Memorial Day last year, according to data from Datasembly, which tracks grocery prices.
Overall, a small list of cookout ingredients that cost $27.39 last year costs $30.18 this year.
Some items are driving up the price more than others,…
