Food Prices Down According to Marketbasket Survey
Tuesday, September 27th, 2016 -- 9:09 AM
(Wisconsin Ag Connection) -Lower farm commodity prices are trickling right down to the cash register of your local grocery store.That's according to the Wisconsin Farm Bureau, which released its latest Marketbasket Survey on Monday. The semi-annual report shows that the cost of 16 basic food items in 26 communities totaled $49.00 during the past six months. That was down 70-cents from the previous survey in March and $4.37 less than this time a year ago when high egg prices were driving food costs up.
Meanwhile, Wisconsin's marketbasket report rang up less than the American Farm Bureau Federation's national survey of the same 16 food items. That summary totaled $49.70. Communities surveyed include Black River Falls, Marshfield, Medford and more. The USDA says Americans will spend approximately 10 percent of their disposable annual income on food, the lowest average in the world.
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