Your Memorial Day BBQ will cost a bit more this year…

Based on the Consumer Price Index, food costs in April were up 7.7% overall compared to the same period in 2022. Groceries in particular were up 7.1%.

If you’re preparing to fire up the grill, know that hot dogs and poultry cost more year-over-year, up 2.2% and 5%, respectively.

Meanwhile, ground beef saw a decline of 2.1% compared to last year. Still, it’s higher compared to March, up 0.6%.

Even condiment prices were up 10.3% year-over-year. And Kraft Heinz’s ketchup prices were 15.2% higher than the same time period a year prior.

With inflation continuing to eat into our paychecks, you may want to consider ways to generate extra income.

This past week, Daily analysts Andrew Packer and Michael Gross showed how you can churn money from the markets – even during periods of volatility.

You can read those ideas here and here.

They’re a must-read while you’re enjoying your holiday weekend.

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Regards,

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Chaka Ferguson
Editorial Director, Palm Beach Daily