Greensburg Daily News, Greensburg, IN

Agriculture

April 11, 2014

Survey: Grocery prices decrease statewide

(Continued)

Bacon, on the other hand, increased by 27 cents per pound to $4.12. Eggs also increased, rising 14 cents/dozen to $1.92.

“Several typical breakfast items increased in price, accounting for much of the modest increase in the (AFBF) market basket,” Anderson said.

Other meat products also showed decreases of varying amounts, including a pound of sliced deli ham, down 16 cents to $5.08, and 1 pound of boneless chicken breasts, down 37 cents to $2.54.

Other items that decreased were bagged salad mix, down 23 cents for a 1-pound bag to $2.11; a 10-ounce box of cereal, down 19 cents to $2.66; a gallon of whole milk, down 15 cents to $3.12; a 32-ounce bottle of vegetable oil, down 11 cents to $2.88; and orange juice, down 3 cents for a half gallon to $3.30.

Besides the meats and eggs mentioned earlier, other items that increased were apples, up 32 cents/pound to $1.88; shredded cheddar cheese, up 32 cents to $4.33/pound; 5 pounds of flour, up 13 cents to $2.55; bread, up 12 cents for a 20-ounce loaf to $1.53; and 5 pounds of potatoes, up 11 cents to $2.64.

The year-to-year direction of the market basket survey tracks closely with the federal Consumer Price Index (www.bls.gov/cpi/) report for food at home.

AFBF, the nation’s largest general farm organization, conducted an informal quarterly market basket survey of retail food price trends from 1989 to 2012. In 2013, the market basket series was updated to include two semi-annual surveys of “everyday” food items, a summer cookout survey and the annual Thanksgiving survey.

According to USDA, Americans spend just under 10 percent of their disposable annual income on food, the lowest average of any country in the world. A total of 89 shoppers in 27 states participated in the latest AFBF survey, conducted in March.

– Daily News

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