Hamburger Costs Up 14% From Last Year, Wells Fargo Reports

Hamburger costs have risen by 14% compared to July 2025, according to a new report from the Wells Fargo Agri-Food Institute. Robin Wenzel, Head of the institute, discussed the findings in an interview with Bloomberg Businessweek Daily, highlighting the "Stay Close, Grill Big: Why Backyard BBQs Are Taking Over Summer 2026" report. The report projects that hosting a backyard BBQ for ten people will cost an average of $161 this summer.

Ribs are identified as a popular protein choice, contributing to the overall food expenses for families across the United States. The analysis points to a general increase in food prices, impacting the cost of traditional summer gatherings. This trend suggests a growing financial consideration for consumers planning outdoor events and meals.

The Wells Fargo report aims to provide insights into consumer spending habits and the economic factors influencing backyard barbecues. The projected $161 average cost for a party of ten reflects the combined expenses of various food items, including meats, sides, and beverages, essential for a complete BBQ experience. The institute's findings are based on current market conditions and projected trends for the summer of 2026.