Food prices rose by six percent last year
Wisconsin News-- Wisconsin food prices rose by six-percent last year, but they took a four-percent drop in the last three months.
Wisconsin food prices rose by six-percent last year, but they took a four-percent drop in the last three months. That's according to the quarterly Market Basket survey by the Wisconsin Farm Bureau Federation. Spokesman Casey Langan said a strong worldwide demand, extreme weather, high energy prices, and a weak U-S dollar all contributed to higher food prices over the last two years. But he said the trend appears to have run its course, and some economists predict that you'll see normal inflation at the grocery checkout in 2012. Ten-of-16 food items in the Farm Bureau survey went down in the last three months of 2011. Potatoes, bag salad, bacon, four, and apples all went down 10-percent or more. Only four items had price increases -- ground chuck, sirloin tip roast, sliced deli ham, and Cheerios' cereal. The total cost of the 16 food items in two dozen Wisconsin cities was 48-dollars-and-35 cents last month. That's down from 50.55 in September.
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