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Food Cost Up 8 Percent From 1957 For Market Basket
The Agriculture Department reported retail costs of a market basket of farm produced foods rose eight percent in April to June this year versus 1957. Marketing firms absorbed about 40 percent of the rise, with 60 percent passed on to farmers. Increased costs in wages, freight and purchases pushed the median quarterly market basket cost to 1 053 dollars annually, over eighty dollars higher than a year earlier.
MENTIONED IN THIS ARTICLE
Washington
UPI
Agriculture Department