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Consumers who host the Super BOWL party will be expected to pay almost the same food as 2024, and the price of meat is rapidly offset by the decrease in frozen pizza and chip.
According to Wells Fargo’s Super BOWL report, shoppers who buy food and drinks for 10 people will be expected to pay $ 139, up 0.1% over 2024.
The biggest increase in food is 7.2% more expensive in raw chicken wings, and avocados increased 11.5% due to concerns about the threat of Mexican import tariffs. But celery prices fell 8.4%, broccoli decreased by 7.2%, and shrimp decreased 4% compared to 2024.
Another popular game time meal, Frozen Pizza, fell 3.7%. Tortilla chip price decreased by 1.4% of snacks and 1.1% of salsa.
The banking giant said that this positive and negative mixes are reminiscent of ducks. Seeing a tranquil swim in the pond. But under the surface, the duck is angry. ”
Dr. Michael Swanson, the chief agricultural economist at Wells Fargo, said in a Food Dive that certain food categories are currently undergoing sales growth, but they question how long the volatility of industry and consumer demand can last.
“Take the beef to the category. Producers are looking at very powerful stocks that have not been seen since 2014, but how long can it take? Normally, I start two or three years ago, ”said SWANSON.
He added that after several years of payment, people have consumed the least ratio of food since 1959.
Swanson says the statistics can make a suspicious sound on their faces, but Metric does not reflect total spending because shoppers give priority to other categories such as car insurance or rent. He said that consumers were more chosen to buy food.
Swanson said, “If people really like chicken wings, they are buying chicken wings.” “People have come back to buy what they want.”
