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Grocery Prices Decrease in Indiana Farm Bureau Survey

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A new Indiana Farm Bureau survey reports grocery prices are down slightly from a year ago and remain almost unchanged from last fall. Indiana Farm Bureau's semi-annual “market basket” survey reports the average price on the 16 food items included in the informal survey decreased from spring 2013 by 51-cents to an overall total of 48-dollars-22-cents. These results differ significantly from the national survey coordinated by the American Farm Bureau Federation, which combines results from 27 states including Indiana, which showed the total cost of the 16 items was 53-dollars-27-cents. The item showing the greatest decrease in Indiana's survey from spring 2013 to spring 2014 was sirloin tip roast, which dropped by 70-cents per pound to three-dollars-86-cents.
According to USDA, Americans spend just under 10 percent of their disposable annual income on food, the lowest average of any country in the world. A total of 89 shoppers in 27 states participated in the latest AFBF survey, conducted in March.

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
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