Wells Fargo & Company (NYSE: WFC):
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Wells Fargo Super Bowl Food Report (Graphic: Wells Fargo)
Wells Fargo Chief Agricultural Economist Dr. Michael Swanson analyzed the impact of rising food prices on the typical Super Bowl spread and estimates costs will be 8% -14% higher this year, depending on the shopping list.*
Food inflation is at a multi-decade high. The best way to keep expenses for the big game under control is to stick with snacking staples that have undergone the most moderate increases, like veggies, chips, and avocados. This report breaks down the grocery shopping list by segment and offers tips for keeping costs low.
Find more on Wells Fargo’s Food for Thought Blog: The Cost of Your Super Bowl Party May Be Up 14% - Wells Fargo (wf.com).
*Bureau of Economic Analysis retail food spending data series