(1/6/12-Tony Hart) Retail food prices declined during the fourth quarter of 2011 according to the latest Wisconsin Farm Bureau Marketbasket Survey.
The informal survey shows the total cost of 16 food items that can be used to prepare one or more meals was $48.35. It marked a 4 percent decrease from $50.55 in September. Despite the recent drop, Wisconsin's grocery prices saw a 6 percent increase over the course of 2011. According to Wisconsin Farm Bureau Spokesman Casey Langan, It appears the upward pressure on the food market that consumers saw over the last year has finally run its course.