Higher Prices for Breakfast Items

Many popular breakfast staples, eggs, bacon, orange juice, milk and toasted oat cereal increased in retail price in the third quarter of the year, according to the American Farm Bureau Federation’s (AFBF) Quarterly Market Basket Survey.

P. Scott Shearer, Vice President

October 29, 2012

1 Min Read
Higher Prices for Breakfast Items

Many popular breakfast staples, eggs, bacon, orange juice, milk and toasted oat cereal increased in retail price in the third quarter of the year, according to the American Farm Bureau Federation’s (AFBF) Quarterly Market Basket Survey. The survey showed the total cost of 16 food items that can be used to prepare one or more meals was $51.90, up $1.00 or approximately 2% compared to the second quarter of this year. Of the 16 items surveyed, nine increased and seven decreased in average price compared to the prior quarter. AFBF said, “For most of this year, food prices have been relatively stable. This is consistent with the very slow but steady growth in the general economy that has been seen throughout the year, along with fairly stable energy prices.”

About the Author

P. Scott Shearer

Vice President, Bockorny Group, Inc.

Scott Shearer is vice president of the Bockorny Group Inc., a leading bipartisan government affairs consulting firm in Washington, D.C. With more than 30 years experience in government and corporate relations in state and national arenas, he is recognized as a leader in agricultural trade issues, having served as co-chairman of the Agricultural Coalition for U.S.-China Trade and co-chairman of the Agricultural Coalition for Trade Promotion Authority. Scott was instrumental in the passage of China Permanent Normal Trade Relations and TPA. He is past chairman of the USDA-USTR Agricultural Technical Advisory Committee for Trade in Animals and Animal Products and was a member of the USAID Food Security Advisory Committee. Prior to joining the Bockorny Group, Scott served as director of national relations for Farmland Industries Inc., as well as USDA’s Deputy Assistant Secretary for Congressional Affairs (1993-96), serving as liaison for the Secretary of Agriculture and the USDA to Congress.

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