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FOOD PRICES GOING UP
Tuesday, October 4th, 2011 -- 2:17 pm
Posted by Riley Hebert-News Director
The Farm Bureau’s quarterly report confirms what your pocketbook has already told you: food prices are going up.
The group’s latest Marketbasket Survey finds the cost of 16 basic food items totaled $49.49 during the second quarter of the year--an increase of $1.06, or 2.1 percent, from three months earlier.
According to Wisconsin Ag Connection, strong global demand, weather extremes and high energy prices are all driving steady price growth for many food items
Of note, eggs increased 20 percent to $1.53 per dozen, due in large part to the high price of corn used to feed hens has been high.
Nationally, the American Farm Bureau says the same items are averaging about $53.12, up $1.95 compared to the second quarter of 2011.
Communities surveyed include La Crosse, Marshfield and Medford.
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