# Consumers Paid Less for Grocery Store Foods in 2016 Than in 2015 | Economic Research Service

> USDA's Economic Research Service reported that U.S. grocery store food prices fell 1.3 percent in 2016, the first annual decline in nearly 50 years. Retail egg prices dropped 21.1 percent as production recovered from the avian influenza outbreak.

- Date: 2017-03-06 · published 2017-03-06T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/71997-consumers-paid-less-for-grocery-store-foods-in-2016-than-in-2015-economic
- Commodities: [Chicken](https://feedsoft.ai/c/CHICKEN.md), [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower retail prices reflect ample commodity production, signaling soft demand pressure for animal protein and limited upside for feed-linked meat prices.

## Read by commodity

- MILK: bearish ▼
- CHICKEN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2017-04-12 | [Dairy Economic Update: 2017 milk production forecast and price cut -  \| Ag Proud](https://feedsoft.ai/events/71511-dairy-economic-update-2017-milk-production-forecast-and-price-cut-ag-proud.md) | +0.7% | +2.7% |
| MILK | 2023-01-26 | [Milk price forecast for 2023 much lower than 2022 prices](https://feedsoft.ai/events/37781-milk-price-forecast-for-2023-much-lower-than-2022-prices.md) | -7.9% | -7.9% |
| MILK | 2016-10-14 | [Dairy Economic Update: Near-term pain, long-term gain -  \| Ag Proud](https://feedsoft.ai/events/9405-dairy-economic-update-near-term-pain-long-term-gain-ag-proud.md) | -0.1% | +14.1% |
| MILK | 2018-01-03 | [2018 milk price expected to average $1 less than 2017](https://feedsoft.ai/events/66986-2018-milk-price-expected-to-average-1-less-than-2017.md) | -10.5% | -13.1% |
| MILK | 2023-03-07 | [Economic update: February FMMO milk class prices back to 2021 levels \| Ag Proud](https://feedsoft.ai/events/36860-economic-update-february-fmmo-milk-class-prices-back-to-2021-levels-ag-proud.md) | 0.0% | +1.6% |

## Sources

- ers.usda.gov: https://www.ers.usda.gov/amber-waves/2017/march/consumers-paid-less-for-grocery-store-foods-in-2016-than-in-2015

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.