 Hosting a 10-person barbecue on the 4th of July will cost $99, the highest total on record. This year, beef, beer, soda, and lettuce compromised 64% of the total cost, with food prices unlikely to reverse course. Rabobank says this may be the last time we'll see a summer cookout for 10 cost less than $100. Food inflation jumped 25% from 2019 to the end of 2023. The additional inflation in the first half of 2024 has been the tipping point.