- Associated Press - Monday, July 20, 2015

LOUISVILLE, Ky. (AP) - A Kentucky Farm Bureau Federation survey is showing a slight drop in retail food prices across the state for a second straight quarter.

The state Farm Bureau says its latest Marketbasket Survey, taken in June, shows the average total cost of 40 basic grocery items was $126.17. That’s five cents lower than what was reported during the prior three-month period.

The latest slight price decrease puts the Farm Bureau’s Marketbasket Survey total $3.03 lower than where it ended in 2014, but it’s still $3.88 higher than the total reported in the second quarter of last year.

The most recent Marketbasket Survey shows the overall trend of decreasing prices was led evenly by dairy products, grains and fruits and vegetables.

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