T-Roy

T-Roy

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SUPER BOWL: Party Food Prices Soaring

Prepare to spend a bit more if you're feeding folks for the big game.

According to Wells Fargo Chief Agricultural Economist Michael Swanson, you may have a bone to pick with the price of chicken wings, which has gone up more than 26% since last year. Steak will also put a real dent in your wallet after a 23% price hike. Even hamburgers will cost you: Ground beef is up 17%.

You can still throw a bash without breaking the bank, though: Chips and those all-important avocados have barely budged, price-wise. They're only 1% more expensive. And, to make sure everyone is in a good mood, you can always grab a beer -- which will only be 4% pricier than in 2021.

The reason for the spike? Swanson says, “It’s not that we have a lack of food ingredients ... it’s that labor in the factories, on packaging and transportation have all really shot up.” (New York Post)


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