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Good news for Super Bowl party hosts: Chicken wing prices are down by 22%

The price of food has increased 10.4% compared to the past year, according to the latest government statistics. But there may be good news for those planning a Super Bowl party to celebrate the big game between the Philadelphia Eagles and Kansas City Chiefs: Your food costs could actually be lower than they were in 2022.

Or at least that’s the assessment from Wells Fargo
WFC,
+0.68%
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which does an annual survey of several key game-day food items.

The reason party planners may experience some relief: Prices for chicken wings and avocados (think guacamole) — two of the most popular offerings at any Super Bowl bash — have dropped considerably. Wings are down by 22% and avocados by 20%.

Various factors, such as supply-chain issues, contributed to higher prices for some food items last year, especially wings, said Wells Fargo chief agricultural economist Dr. Michael Swanson.

But this year, prices have eased in some instances. Swanson said lower freight rates have contributed to that shift. “Freight costs were through the roof last year,” he said.

Avocado prices are dipping because this past year saw a strong crop due to increased plantings, the Wells Fargo report noted.

The Super Bowl savings extend to those who like to grill a steak on game day: Sirloin steak prices have dropped by about a dollar per pound over the past year.

Not that all game-day items are lower. If you want something to drink while enjoying those wings, steaks and guacamole, be prepared to pay. Beer prices are up by 11% and soda prices by 25%.

As Swanson noted, inflation can be very “item specific.” But even when prices are higher for some game-day foods, he said that consumers can always benefit by shopping around, since supermarkets will run specials on different items.

“You might want to visit two or three stores to save some money,” he said.


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Jacob Keiter is a husband, a writer, a journalist, a musician, and a business owner. His journey to becoming a writer was one that was paved with challenges, but ultimately led him to find his true calling. Jacob's early years were marked by a strong desire for creative expression. He was always drawn to music, and in his youth, he played in several bands, chasing the elusive promise of fame and success. However, despite his best efforts, Jacob struggled to find the recognition he craved. It wasn't until he hit a low point in his life that Jacob discovered his love for writing. He turned to writing as a form of therapy during a particularly difficult time, and found that it not only helped him to cope with his struggles, but also allowed him to express himself in a way that he had never been able to before. Jacob's writing skills quickly caught the attention of others, and he soon found himself working as a journalist for The Sun out of Hummelstown. From there, he went on to contribute to a variety of publications, including the American Bee Journal and Referee Magazine. Jacob's writing style is reflective of traditional journalism, but he also infuses his work with a unique voice that sets him apart from others in his field. Despite his success as a writer, Jacob also owns another business, JJ Auto & Home, which specializes in cleaning. Jacob's commitment to excellence is evident in all of his endeavors, whether it be in his writing or in his business ventures. Today, Jacob is the author of two books and continues to inspire others through his writing. His journey to becoming a writer serves as a reminder that sometimes our darkest moments can lead us to our greatest achievements.

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