Egg prices fell in February for the first time in five months after more than doubling over the course of a year, according to the Bureau of Labor Statistics’ Consumer Price Index (CPI).
The price of a dozen large, grade A eggs rose from $1.93 in January 2022 to $4.82 in January 2024, but fell by 60 cents in February, stopping a five-month, uninterrupted climb in prices according to the CPI. The U.S. Department of Agriculture (USDA) blames the impact of avian bird flu on egg scarcity and rising prices.
Per the latest CPI data, retail egg prices collapsed last month. Big Egg’s greed finally cracked! https://t.co/xGCYPdGuRH pic.twitter.com/AIqEysjcL8
— Scott Lincicome (@scottlincicome) March 14, 2023
Bird flu killed a record number of birds, including egg-laying hens, in 2022 and was unusually deadly in the fall, impacting production in the leadup to the holiday season, according to CNBC. Prices could rise again for the Easter season, however, and inflation in the supplies used for hen feed continue to keep prices high.
High egg prices prompted some individuals in border states to smuggle eggs across the Mexican border, causing a spikein egg-related smuggling attempts by U.S. Customs and Border Patrol.
All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact [email protected].
DONATE TO BIZPAC REVIEW
Please help us! If you are fed up with letting radical big tech execs, phony fact-checkers, tyrannical liberals and a lying mainstream media have unprecedented power over your news please consider making a donation to BPR to help us fight them. Now is the time. Truth has never been more critical!
- ‘Unstoppable tide’: NYC high schools are in complete disarray over rampant marijuana use - May 26, 2023
- Target loses $9 billion in market value in one week following boycott over LGBT merchandise - May 25, 2023
- ‘Sick to my stomach’: Whistleblower shares how Texas hospital rushes kids into sex changes - May 25, 2023
Comment
We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. If a comment is spam, instead of replying to it please click the ∨ icon below and to the right of that comment. Thank you for partnering with us to maintain fruitful conversation.
