A recent Kentucky Farm Bureau Federation survey indicates that average retail food prices in supermarkets across the state made dramatic increases during the third quarter of the year.
According to the survey, the total cost of 40 basic grocery items was $119.15. These results – $6.45, or 5.7 percent, higher than the same list of items reported in the previous quarter – are the highest total price recorded in the survey’s four-decade history.
A news release says the survey total not only reflects a 2.8 percent increase over the average price reported in the third quarter of 2012, but it may also imply that Kentucky is finally catching up to national retail food price trends.
In four of the last six Marketbasket Surveys, overall decreases in retail food prices were reported across the Commonwealth while national food prices moved slowly but steadily upward.
The fruits and vegetables category showed the greatest total gain in Kentucky, with an overall average price jump of 10.7 percent.