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Survey Shows Slight Drop in Retail Food Prices in Kentucky
By: Associated Press
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LOUISVILLE, Ky. (AP) – A new statewide survey shows the average price of retail food items has dropped for the third straight quarter in Kentucky.
The Kentucky Farm Bureau Federation says its latest Marketbasket Survey was taken in September. It says the quarterly survey showed the average total cost of 40 basic grocery items was $121.64. That’s down 3.5 percent, or $4.47, from the second quarter.
The third quarter survey indicated the lower prices were spread across commodities with the exception of poultry and dairy products.
The Farm Bureau says the continued drop in food prices across the state is in contrast to last year’s increases that were reflected in all four of the Marketbasket Surveys. The final quarter of 2014 showed the average price of surveyed items to be $129.14.