Beef prices are sizzling, just in time for that favorite national pastime on July 4: grilling, barbecuing, and picnicking to celebrate U.S. independence.
But economic uncertainty has shaken up consumers this summer season. This year, total spending for Fourth of July festivities dropped 5.3% from last year to $8.9 billion, according to survey data from the National Retail Federation. Of the people surveyed, 61% will participate in cookouts, picnics and barbecues, down 5% from last year.
Pricier hamburgers could be one factor discouraging some Americans from opening their doors for an annual cookout.
The average price of ground beef rose 11.5% to $6.25 a pound in May from a year earlier, according to consumer price index data from the Bureau of Labor Statistics. The average monthly price of ground beef has shot up 31% since 2020, based on 2025 data through May.
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Your July 4th Burgers Will Be Pricey. Maybe Grill Pork Chops Instead. https://t.co/VYMyY9pQk6
— Barron's (@barronsonline) July 3, 2025