Retail Food Prices on the Rise

LOUISVILLE, Ky. (AP) -- A new survey shows that average retail food prices rose slightly in the last three months of 2013 in supermarkets across Kentucky.

The Kentucky Farm Bureau says the year ended with the highest prices in the decades-long history of its Marketbasket Survey.

According to the latest survey, the total cost of 40 basic grocery items was $120.08. Those results were 93 cents higher than the same list of items reported in the third quarter of 2013, which was the previous record high for food prices.

The latest survey reflects a 3.9 percent increase over the average price reported in the fourth quarter of 2012.

Five years ago, the average cost of the same 40 surveyed grocery items was $111.63, or 7.6 percent less than what those items cost on average today.


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