Inflation Burns Summer Grilling: Hamburger, Chicken, Steak, Hot Dog Prices Are Smoking Hot

Inflation could stifle summertime cookouts, with meat prices up 12.3 percent in May, data released by the U.S. Bureau of Labor Statistics shows.

The grilling price spike is a symptom of an 8.6. percent year over year increase last month on all goods, the Consumer Price Index reflecting the highest inflation rate in 41 years. This is also the twelfth straight month of inflation above five percent.

• Beef and veal: up 10.2 percent
• Ground beef: up 13.6 percent
• Beef steaks: up 6.6 percent
• Pork: up 13.3 percent
• Pork chops: up 11 percent
• Hot dogs: up 10.4 percent
• Bacon, breakfast sausage: up 15.6 percent
• Chicken: up 17.4 percent

Not only are meat prices higher, the supplies needed to prepare meat are becoming more costly as well. The price of propane, kerosene, and firewood grew a whopping 28 percent.- READ MORE