Missouri food prices trend higher

Monday, April 21, 2014

Missouri shoppers paid more for food in the first quarter of 2014 than the same period last year, according to the latest Missouri Farm Bureau Market Basket Survey. Sixteen items representing a cross-section of agricultural products were surveyed. The total price range in at $49.08 compared to $48.73 for the same items one year ago for an increase of $0.35 year-over-year.

"The most notable price changes occurred in the meat and dairy cases," said Missouri Farm Bureau Director of Promotion and Education Diane Olson.

Ground chuck and sirloin tip roast increased in price as did eggs, whole milk and shredded cheddar cheese. These price increases tracked closely with the report from the Bureau of Labor Statistics stating that food prices have increased by about 1.5 percent this year.

Compared to the national average price of $53.27, Missouri prices were $4.19 less. Missouri prices were higher on four items and less on twelve. Olson said, bacon prices didn't shift significantly in Missouri as they did nationally. Missouri's price moved up $0.06 from a year ago and was $0.99 cheaper than national average.

"Due to worldwide consumer demand and weather conditions that have impacted the United States and other countries, protein is in tight supply causing prices to increase," she said.