July’s Basic Food index dropped 1.2% over June’s BFI.
The index is a month to month comparison of the prices of 20 basic food items.
The Department of Commerce says the BFI has been dropping in the past three months and attributes this largely to the decline in the price of eggs which has dropped 23.2%.
In June the price of a dozen of small eggs was $6.88 but last month it dropped to $5.13.
Other food items whose prices went down compared to the previous month are pork spare ribs which dropped 4.6%, sausages down 1.4%, rice also down by 1.4%, soda dropped .9%, bread down .8%, milk dropped .4% and the price of chicken dropped .2%
Meanwhile the price of 11 food items went up. The highest increase was in the price of bananas which jumped 7.7%.
In June bananas cost $1.42 cents per lb but last month it was $1.53/lb.
Saimin rose 5.4% jumping from 56 cents a package to 59 cents. Turkey tails jumped 2.8% from $2.13 a lb in June to $2.19/lb last month.
Other food items whose prices went up are mayonnaise, up 2%, butter up 1%, fish up .8%, ice cream up .6%, taro and tuna up .4%, sugar went up .3% and the cost of corned beef went up .2%
