Thursday, April 17, 2014

Grocery Prices are Going Down

By Sarah Correll

How much do those carrots cost? The Indiana Farm Bureau just released the details of their semi-annual “market basket” survey, and they found that grocery prices are down slightly from a year ago!


The “market basket” survey includes 16 items, 8 of which have decreased in price since spring 2013. The biggest decrease was in sirloin tip roast, which has gone down by 70 cents. The full results are here!

Grocery items
Spring 2013
Fall 2013
Spring 2014
Apples, 1 lb.
$1.56
$1.66
$1.88
Potatoes, 5 lb.
$2.53
$3.51
$2.64
Bagged salad mix, 1 lb.
$2.34
$1.93
$2.11
Orange juice, 1/2 gal
$3.33
$3.43
$3.30
Ground chuck, 1 lb.
$3.68
$3.29
$3.70
Sirloin tip roast, 1 lb
$4.56
$4.09
$3.86
Bacon, 1lb.
$3.85
$4.74
$4.12
Sliced deli ham, 1 lb.
$5.24
$4.60
$5.08
Boneless chicken breast, 1 lb.
$2.91
$2.96
$2.54
Whole milk, 1 gal.
$3.27
$3.24
$3.12
Shredded cheddar cheese,
1 lb.
$4.01
$3.44
$4.33
Grade A  large eggs, 1 doz.
$1.78
$1.83
$1.92
Flour, 5 lb.
$2.42
$2.35
$2.55
Vegetable oil, 32 oz.
$2.99
$3.01
$2.88
Cereal, 10-oz. box
$2.85
$2.81
$2.66
White bread, 20-oz. loaf
$1.41
$1.40
$1.53
TOTAL
$48.73
$48.29
$48.22

While only 16% of every dollar spent at the grocery store makes it back to the farmer, we’re proud that Americans spend less than 10% of their disposable annual income on food, the lowest average of any country in the world! If you’re looking for some frugal meal ideas, check these out!

No comments: