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Grocery Store Prices Lower During 3rd Quarter
USAgNet - 12/07/2016

The food-at-home Consumer Price Index for the third quarter of 2016 was 1.9 percent lower than the food-at-home CPI for the third quarter of 2015. Grocery store prices decreased, on average, across the board -with the exception of fresh fruits, which rose 2 percent.

Egg prices saw the largest decrease, falling 35 percent, reflecting the recovery in the industry after the supply shock caused by late 2014 to June 2015 Highly Pathogenic Avian Influenza outbreak.

Beef and veal, dairy products, pork, and poultry also posted large decreases compared to third quarter 2015, reflecting larger supplies of cattle, raw milk, hogs, and broilers.

In addition to increases in domestic supplies, lower oil and energy prices helped hold down retail food price inflation, while a strong U.S. dollar lowered costs for imported foods and decreased demand for U.S. exports, placing further downward pressure on U.S. retail food prices.


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