U.S. egg prices hit an all-time low.
Ch-ch-Changes in egg prices! The U.S Bureau of Labor Statistics spilled the beans on a brewing situation - a sharp decline in egg prices for the first time since a sunny October 2024. But don't crack open those wallets just yet, because there's a storm brewing too. Historically high egg prices are here to stay, thanks to the eggcited avian flu outbreak that's slashed supply like a breaking wave.
As it stands, that half-dozen eggs you're used to snagging for $2.86 last year will cost you around 79% more, approximately $5.29. But fear not, according to diviner David Ortega, a professor of economics at Michigan State University, the situation's poised to improve. He dares to dream that US egg prices will start their descent in May and June.
In February, the US Department of Agriculture foresaw a colossal 41.1% hike in retail egg prices for 2025 - a direct consequence of the avian flu mayhem that ensnared tens of millions of laying hens in January. Unsurprisingly, egg prices skyrocketed by over 50% compared to last year in the throes of the winter-accelerated outbreak, reaching an alarming $5.29 per dozen, as per reports from the ever-dependable NIQ and Reuters. The USDA posits that another 20% price increase could be on the horizon this year, according to the ever-watchful eye of CBS News.
Now, if you're hankering for more egg-citing news, give our sweet Telegram channel, @expert_mag, a peck!
🇬🇧USA💰Prices🥚Eggs
The decline in egg prices, while welcome, is only temporary due to the avian flu outbreak, as historically high egg prices are expected to persist, making personal-finance management in business and household budgets a challenge. However, economist David Ortega believes that egg prices might start to decrease in May and June.
