Aglines
agriculture * food * energy * environment
Food prices continue to tumble
Author: Robert6 Jan
Retail food prices at the supermarket decreased for the fifth consecutive quarter and are significantly lower than one year ago, according to the latest American Farm Bureau Federation Marketbasket Survey.
The informal survey shows the total cost of 16 food items that can be used to prepare a meal was $42.90, down $3.13 from the third quarter of 2009 and $7.31 lower or about 15 percent less compared to one year ago. Of the 16 items surveyed, 11 decreased, four increased and one remained the same in average price compared to the prior quarter.
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