The total cost of 16 food items that can be used to make one or more meals was $51.90, up $1, or about 2 percent, compared with the second quarter of 2012. Of the 16 items, nine increased and seven decreased in average price. The cost of the overall basket decreased some 2 percent compared to one year ago.
Most of the slight quarter-to-quarter increase resulted from higher retail prices for breakfast staples, apples and bagged salad.
Items showing retail price increases for the third quarter included bacon, up 19 cents to $4.23 per pound; boneless chicken breasts, up 8 cents to $3.17 per pound; and sirloin tip roast, up 5 cents to $4.74 per pound.
Items showing modest retail price declines included ground chuck (19 cents to $3.47 per pound) and sliced deli ham (4 cents to $5.20 pounds).
Several items showed quarter-to-quarter and year-to-year increases, including sirloin tip roast, up 11 percent.
Source: Meatingplace.com, 10.17.12