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
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.
$49.66 average price is $1.47 less than the American Farm Bureau
Federation’s national survey. Its survey averaged $51.13, a
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).