Kentuckians are paying more for their groceries for the first time in more than a year according to the Kentucky Farm Bureau’s quarterly Market-Basket Survey.
The survey of 40 basic grocery items showed an increase of just over one percent, the first price hike since the fourth quarter of 2014.
The biggest increases were in dairy and beef.
Poultry and fruits and vegetables saw the largest drop in prices. Kentucky’s jump in food prices was slightly higher than the latest national Consumer Price Index information. That indicated a point-one-percent decline in overall national food prices during June.
Whether or not U.S. grocery prices fluctuate from one quarter to the next, Americans continue to spend less of their income on food than anywhere else in the world.. Shoppers in the U.S. spend only about ten percent of their disposable income on food each year.
