Price-Trak, a market research company specializing in price and trade promotion reporting, has reported that items in the Dry Grocery segment rose an average of 1.3 percent in 1st Half 2016 vs. same period last year. Overall, prices increased .6 percent within the total Consumer Packaged Goods (CPG) area as tracked by Price-Trak, a service that has been reporting prices for 40 years. The data was collected from a broad panel of grocery wholesalers and retailers dispersed throughout the U.S. and examined over 90,000 items. Among other segments to increase, Shelf Stable Beverages rose +1.0 percent and Personal Care items rose +1.0 percent.
Lower grain cost lead to lower frozen meat items reversing several years of price increases, which is good news for meat lovers. Lower grain feed helped Refrigerated Eggs lower pricing which was key in the price declines in the Refrigerated Foods segment.
In the Dry Grocery categories colder and wetter than normal weather conditions resulted in a reduction of strawberry acreage affecting pricing for the Fruit/Shelf category. Additionally reduction in imports from Mexico also impacted pricing in fruit and nuts related products. Other categories experiencing price advances of significance include; Sauce, +4.7 percent; and Seasonings, +2.6 percent.