Food prices go up slightly in Wisconsin, according to survey

Daily News Staff

Sept. 27, 2017

Wisconsin Farm Bureau’s Marketbasket survey that tracks the average price of 16 food items used to prepare one or meals reported an average cost of $49.66, according to a news release Monday.

The survey items cost 1.3 percent more than a year ago and almost 1.4 percent more since March.

“These minimal increases in the latest Marketbasket survey show that food prices are extremely stable,” said Amy Eckelberg, spokeswoman for the Wisconsin Farm Bureau Federation, in the release.

Wisconsin’s $49.66 average price is $1.47 less than the American Farm Bureau Federation’s national survey. Its survey averaged $51.13, a 2.9-percent difference.

In addition, the share of the average dollar spent on food that farm families receive continues to decrease.

According to the release, in the mid-1970s, farmers received about one-third of consumer retail food expenditures in grocery stores and restaurants. That figure is down to 15.6 percent.

Prices of eight of the survey’s 16 items increased in price compared to last year. Bacon was the largest contributor to the rise.

Last year, 1 pound of bacon averaged $4.22. This year, it’s $4.81.

“Bacon is a trendy food item right now,” Eckelberg said. “We are seeing a high interest in this product, therefore a decline in inventory and the reason for a 14-percent increase in price.”

Other items that increased in price include a 9-ounce box of toasted oat cereal ($2.51 to $2.86), a dozen Grade A eggs ($0.98 to $1.08) and 32-ounce bottle of vegetable oil ($2.37 to $2.56) Sirloin tip had the greatest decrease, nearly 10 percent per pound.

Other items that saw a decrease include 1 gallon of whole milk ($3.32 to $3.01), 1 pound of bagged salad ($2.78 to $2.67) and 1 pound of boneless chicken breast ($3.69 to $3.48).