Russet potatoes, shredded cheddar cheese, deli ham, flour, bacon and boneless chicken breasts declined the most in dollar value from quarter-to-quarter. Potatoes dropped 47c for a 5-lb bag to $2.18; shredded cheddar cheese dropped 43c per lb to $3.65; sliced deli ham dropped 40c per lb to $4.35; flour dropped 38c to $2.10 for a 5-lb bag; bacon dropped 37c to $3 per lb; and boneless chicken breasts dropped 37c per lb to $2.71.
“The 2009 U.S. potato harvest set a yield record for the sixth consecutive year,” said Stefphanie Gambrell, an economist with the Farm Bureau. “As a result, processors paid lower wholesale prices to potato farmers, which in turn benefitted consumers as grocers dropped retail prices. Sluggish consumer demand, particularly for meats and dairy products, also played a role in the lower retail grocery prices reported this quarter.”
The four foodstuffs that went up slightly in price compared with the prior quarter include milk, up 17c to $3.04 per gallon; eggs, up 11c to $1.55 per dozen; white bread, up 6c to $1.82 for a 20-oz loaf; and ground chuck, up 4c to $2.69 per lb. Toasted oat cereal remained the same in price compared with the prior quarter, at $2.95 for a 9-oz box.