Tuesday, January 26, 2016

Survey shows continued drop in food prices in Kentucky

(AP) — The Kentucky Farm Bureau says retail food prices across the state were down again at the end of 2015.

The Farm Bureau says its Market basket Survey showed that during the final quarter of 2015, the average price of retail food items fell by 1.8 percent to $119.43, a drop of $2.21 from the third quarter.

It marked the fourth straight quarter in which retail food prices have fallen in Kentucky.

The survey is taken quarterly and denotes the average total cost of 40 basic grocery items.

Overall, the Farm Bureau says the cost of surveyed items fell $9.71, or 7.5 percent, since the beginning of 2015.