(RightIsRight.co) – This year, Americans’ Memorial Day celebrations and trips will be hurt by ongoing inflation, which has remained a persistent issue since the easing of pandemic restrictions in spring 2021 thanks to the failed Bidenomics agenda.
Although inflation has decreased from a high of 8.3% in April 2022 to 3.4% this year’s April, it is still above the usual 2% average, affecting prices across the board.
According to data from Datasembly, which monitors grocery prices, the cost of groceries essential for a typical summer cookout has increased by about 10% from last year. For instance, a small set of cookout items that totaled $27.39 last year now costs $30.18.
In addition, certain products have seen sharper price increases than others.
Relish, a popular cookout condiment, has undergone a nearly 50% price hike, jumping from $3.14 last year to $4.67 this year. Burgers are now a dollar more expensive at $8.07, showing a 14.6% increase from the previous year.
Likewise, small increments have also been noted in other staple items, like hamburger and hotdog buns, which are slightly up by a few cents, and ketchup and mustard, which have increased by 10¢ and 8¢, respectively.
Besides the increase in goods and food, travel and entertainment costs have also escalated.
Sports tickets have risen by 15%, and automobile-related expenses like car insurance and repairs have increased by over 10%. Plane tickets are now 24% more expensive compared to three years ago, and gas prices have surged by 28%.
Amid these rising costs, the Biden administration has taken steps to alleviate some of the pressure at the gas pump.
Recently, Energy Secretary Jennifer Granholm announced the release of one million barrels of gas from the Northeast Gasoline Supply Reserve.
This move aims to ensure adequate supply for the tri-state and northeast regions during the peak summer travel period between Memorial Day and July 4th.
With inflation continuing to be a major concern, a recent Gallup poll reveals that about 41% of Americans now consider it the biggest financial issue facing their families, a significant increase from just 3% in 2020.
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