The American Farm Bureau Federation keeps tabs on a market basket of food items to have a better understanding of the food prices consumers pay at the local grocery store. And in the latest report from the organization, those prices are down slightly for a third consecutive quarter, based on data collected in May.
The informal survey showed the total cost for 16 food items was $46.29, down about $1.12 – or 2% – from the first quarter of 2009. Of the 16 surveyed, 10 fell, five rose and one remained the same compared to the prior quarter.
The biggest drops came for boneless chicken breasts, eggs, Russet potatoes, sliced deli ham and whole milk. Ground chuck, sirloin tip roast, flower, bacon and toasted oat cereal also saw a drop.
Food Prices in United states keep sliding lower
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