DENVER (KDVR) — Colorado grocery stores are bustling as families across the metro area prepare for the Fourth of July holiday weekend.
The Consumer Price Index is trending lower this summer, but inflation concerns remain. A U.S. Farm Bureau report warns of record-high beef prices, but many will continue to prepare their favorite holiday meals.
“I’ll put burgers, dogs, steaks on the grill,” Evan Royal said.
Colorado July 4th fireworks 2024 schedule
An Independence Day cookout for 10 people will cost an average of $71.22 this year, up from $67.73 in 2023, according to the Farm Bureau report.
“Americans are still very much impulsive shoppers and may be focusing more on price and value,” University of Denver supply chain expert Jack Buffington told FOX31.
Save money on groceries by buying generic
Nonetheless, consumers have more choices as the market becomes more competitive.
“A lot of generic products are pretty much the same products as the branded, and they can be 15% to 20% cheaper,” Buffington said.