If your summer cookouts include cheeseburgers, they will be a bit pricier than last year’s burgers, according to the U.S. Department of Agriculture.
In May 2019 -- the latest available prices -- USDA said the ingredients for a home-prepared quarter-pound cheeseburger totaled $1.75 per burger, with ground beef making up the majority of the cost, at 96 cents, and cheddar cheese accounting for 33 cents.
This same cheeseburger would have cost $1.67 to prepare in May 2018, an increase of 4.8%.
“Retail prices for 1 lb. quantities of all of the ingredients, with the exception of bread, were higher in May 2019 compared with May 2018,” USDA reported.
Higher ground beef prices accounted for half of the 8-cent increase between 2018 and 2019, and cheddar cheese costs were 1 cent more per burger in May 2019. Iceberg lettuce and tomato prices rose the most — 14.5% and 8.8%, respectively — but these toppings added just 3 cents to per burger costs due to the small amount used.