Cookout season is here, and that means stocking up on beer, beef, and buns. And while these kitchen staples are a fixture of backyard barbecues, throwing an all-out summer bash grows more expensive. Agricultural bank Rabo Agrifinance released its annual BBQIndex report Wednesday, which compiles data on how much it would cost to throw a standard barbecue for 10 people. The findings suggest that in 2024, it will cost $99 to host a typical Fourth of July cookout — the highest price on record so far.
The report breaks down the cost per person across 10 key items: beer, soda, beef, buns, lettuce, cheese, tomato, chicken, chips, and ice cream. This year, beer, beef, soda, and lettuce make up 64 percent of the total cost. Over the past five years, a series of factors have led to drastic price hikes across the board, with food inflation specifically jumping 25 percent from 2019 to the end of 2023. In 2023, Rabo Agrifinance reported that the average price of a barbecue was $97, significantly higher than 2018’s $73. Even though the increase from 2023 to 2024 was less severe, the continuing rise of food prices suggests that this might be the last year one could throw a barbecue for under $100.
