Here’s what’s costing a lot more this year


American football fans can all agree – inflation is weighing on the cost of hatchbacks this season.

Prices for gas, flights and essential foods found during the holiday season all rose, with the cost of groceries up 13.1% in July and the overall cost of spectator sports has skyrocketed 150% for the average US consumer over the past year.

Wells Fargo economist Mike Pugliese said gasoline topped the list of factors driving the cost of tailgating.

“It’s not just the cost to get to the game with that gasoline, but also to fuel the grill. Propane, firewood…the kind of stuff you would need to light that up, we’re even talking about 20% there inflation on an annual basis, so those costs really add up when you add them all together,” he told Yahoo Finance.

Travel costs alone are seen as the ‘biggest problem’, whether it’s getting on a plane, driving or once there, parking or staying in a hotel, according to the report. near. Over the past year, airfares have increased by 28%, 16% more than in 2019. Wells Fargo noted a 1.4% increase in parking, tolls and hotels, up from 1.3% year over year.

Pugliese offered advice on how to combat these higher costs – take public transport, up 0.5%.

“If you’re trying to get to the game and transportation is a challenge, whether it’s driving with gas or plane tickets… what I would suggest is public transportation Take the bus, take the subway, if you can.”

Cost of access to the match. (Courtesy of US Department of Labor and Wells Fargo Economics)

Once you finally get there, beer and food are in order, but it will cost you more too.

Here’s how much the price of some fan-favorite foods has jumped according to the US Department of Labor and Wells Fargos Economics: chicken, up 17.6%, snacks up 16.5%, pickles and condiments, up by 15.8%, dairy products and cheese, up 14.9%, rolls and buns, up 13.9%, soft drinks, up 12.9%, condiments, up 11, 3%, ground beef, up 9.7%, fresh fruits, up 9.0%, fresh vegetables, up 7.3%, hot dogs, up 5.3%, and ribs pork, up 1.5%.

The rising cost of alcoholic beverages might be easier to swallow, with the cost not too high compared to most foods: beer, up 4.6%, wine, up 2.3%, and liquor, up 1.5%.

Penalty for price tailgating this year (Courtesy US Department of Labor and Wells Fargo Economics)

Penalty for price tailgating this year (Courtesy US Department of Labor and Wells Fargo Economics)

According to Pugliese, there are a few key factors driving up prices in certain “random” sub-sectors like pickles and relish.

“When you look at a lot of different sectors, either agricultural raw materials which are increasing a lot, labor costs, which continue to be very high, transport costs, which continue to be high, you also see a lot of volatility in these sectors as we’ve seen in all the inflation data.Each individual sub-sector has been very volatile as different issues in the supply chain have caused this volatility over the past couple of years so you kind of put all of these factors together, and it doesn’t surprise me that even somewhat random sectors have had really robust inflation over the last year or so,” he said.

Another option to save this football season: watch from home.

“You’ve seen TV prices come down a bit from a year ago, continuing what’s more of a longer-term structural trend over the last decade or two and also TV prices by Cable and satellite haven’t gone up as much as has overall inflation,” continues Pugliese, “staying home, watching it on your upgraded TV, might be a perfectly fine substitute.”

Brooke DiPalma is a producer and reporter for Yahoo Finance. Follow her on Twitter at @BrookeDiPalma or email him at [email protected]

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