Retail food down in 4th quarter
Retail prices for food at the supermarket dropped about four percent in
the fourth quarter of 2004, retracting most of the increase recorded in
the third quarter, according to the latest American Farm Bureau
Federation market basket survey. The informal survey on the total cost
of 16 basic grocery items showed a decrease of $1.51 from the 2004 third
quarter survey. The third quarter average price for the market basket
items was $1.53 higher than the second quarter.
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