Take a trip to your local supermarket and you might notice you’re saving money. New figures from the Arizona Farm Bureau Federation shows the price of some foods are dropping.
The cost of red meat, eggs and chicken breasts are down said Julie Murphree who is with the Federation. A sirloin tip roast is 61 cents a pound less than a year ago, even with inflation. That’s because more than a year ago, ranchers increased the size of their herds.
"And so now we're in kind of a supply glut, so to speak," Murphee said. "The big thing for you and me, obviously, with our meat proteins and certainly beef, we can enjoy some of the best prices around."
Murphree said the price of a basket of 16 basic grocery items rang up at over $47.00. That’s down by more than $4 from the same quarter last year.