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Key Takeaways
- Hosting a Super Bowl party for 10 people will cost $140 this year, slightly more than last year.
- Prices for chicken wings are down by 2.8%, and the cost of tortilla chips and frozen pizza also fell, while costs for shrimp, wine and beer all increased.
- An average increase in wages should help with the cost this year’s Super Bowl party, the Wells Fargo report said.
Wings and pizza might not break the bank if you’re hosting a Super Bowl party this year, according to a new report on football’s favorite snacks.
It will cost about $140 to serve food and drinks to 10 people at a Super Bowl party this year, according to Wells Fargo’s Agri-Food Institute, up $2 from last year. That’s a 1.6% rate of increase, slower than the inflation rate for groceries, which came in at 2.4%, according to the December Consumer Price Index.
Why This Matters for You
The rising cost of food has strained many household budgets for years. With snack prices growing more slowly than wages, consumers might feel less pressure, which can support discretionary spending and broader economic activity.
Other food prices have climbed, but that will be somewhat offset by a boost to average hourly wages.
“Prices have crept up, but the good news is that average hourly wages have risen 3.8% to $31.99, giving party throwers more room to celebrate without breaking the bank,” the report said.
Chicken Wings, Frozen Pizza Are Cheaper, While Shrimp Prices Soar
Chicken wings are one of the most affordable snacks, with prices for the party favorite down 2.8% from last year. Tortilla chips, avocados, carrots, peppers and frozen pizza are also less expensive compared to last year, while the prices of potato chips and nacho cheese dip haven’t changed.
“Big winners this year include chicken wings, chips, guacamole, and veggie trays, offering affordable options that keep the party going,” the report said.
But not everything on the menu is cheaper. Shrimp prices are up by 8.1% to $9.10 a pound, according to Wells Fargo, while beef is $10.01 a pound. The price of beef was up 16.4% year over year, according to the December CPI report.
“The global [shrimp] surplus has faded, and imports from multiple countries are returning to more normal levels and pricing,“ the report said. “It’s a coach’s call, but shrimp remains a star player, even at a higher price.”
Veggies and Salsa Are Pricier
Vegetable prices are also up this year, including cherry tomatoes, celery, broccoli and cauliflower. Salsa and onion-flavored dips are slightly high this year as well, due partly to labor costs, the report found.
“Fresh produce prices are notoriously volatile,” the report said. “Last year’s bumper crop and extra acreage drove prices down, but those savings have disappeared.”
Washing down the snacks will be a little more costly, with beer prices up 1.3% and wine prices also slightly higher.
