Cost of a home-grilled cheeseburger up 10 cents from 2022

Bar chart, with a look that mimics that of a cheeseburger, comparing the cost of cheeseburger ingredients in May 2023 to those of May 2022

For Fourth of July cookouts this year, cheeseburgers could cost more than they did in 2022. In May 2023, the ingredients for a home-prepared ¼-pound cheeseburger totaled $2.17 per burger, an increase of 10 cents (4.9 percent) from 2022. Prices for cheeseburger ingredients grew more slowly over the year than prices for all groceries (food at home), which rose 5.8 percent from May 2022 to May 2023. Ground beef made up the largest cost of the burger at $1.24, and Cheddar cheese accounted for $0.37. Both these items increased in price by 3.5 percent between 2022 and 2023 and together accounted for half the increase in costs. Bread prices rose the fastest, by 21.5 percent, and added 4 cents to the cost of a burger between 2022 and 2023. Tomato prices fell slightly over the year, but an increase in lettuce prices added 1 cent to total costs. USDA, Economic Research Service tracks aggregate food category prices and publishes price forecasts in the Food Price Outlook data product, updated June 23, 2023.

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