Shoppers Seeing Lower Costs at the Grocery Store in Wisconsin
Wednesday, April 12th, 2017 -- 11:12 AM
-Shoppers are seeing lower costs at the grocery store according to the latest Wisconsin Farm Bureau Marketbasket survey of 16 basic food items used to prepare one or more meals.It showed that the average cost of these items was $48.98. That is $0.02 less than the same survey conducted last fall and $0.72 less than a year ago. Prices of nine of the survey’s 16 items decreased in price compared with the Wisconsin Farm Bureau’s surveys conducted in the spring and fall of 2016. Wisconsin’s $48.98 Marketbasket is $1.05 less than the American Farm Bureau Federation’s national survey of the same 16 food items. AFBF’s survey rang in at $50.03.
During the last three decades, retail grocery prices have gradually increased while the share of the average dollar spent on food that farm families receive has dropped. Despite higher prices, the USDA says Americans will still spend approximately 10 percent of their disposable annual income on food, the lowest average in the world. Prices for the survey were collected in several communities including Black River Falls, Marshfield, Medford and others.
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