Business

Ky. food prices rise 2.5 percent in fourth quarter

Retail food prices in supermarkets across Kentucky rose 2.5 percent during the fourth quarter of 2010 compared with the third quarter, according to data prepared by the Kentucky Farm Bureau Federation. The basket of 40 basic items rose $2.71 to $109.21.

The federation reported 22 items saw increases in their average price, 16 were cheaper and two — cucumbers and a 24-slice package of American cheese — were the same.

Of the six food groups included in the survey, fruits and vegetables saw the greatest increase with an average price jump of 10.9 percent. A 32-ounce bottle of vegetable oil had the largest price increase with an average jump of 10.9 percent. The largest single-item decrease was a pound of chicken breasts, which fell 49 cents on average in price.

On average, a farmer's share of a dollar spent at retail is 19 cents.

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