(Reuters) - Americans buying food for their Fourth of July cookout will be paying more, the nation’s largest farm group said on Wednesday, with prices up 8.5 percent from this time last year. An informal survey conducted by the American Farm Bureau Federation in May showed much of the increase occurred during the second quarter, when the cost of 16 grocery items — including apples, pork chops and oat cereal — was $46.67, up about 3.5 percent, or $1.64, from the first quarter. “Prices of many food items continue to creep upward,” Jim Sartwelle, a Farm Bureau economist, said. “Those increases, however, pale in comparison to the huge increases in energy costs — for fuel, natural gas, and electricity — that American families have become accustomed to over the past two or three years,” he added. More
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