The price of eggs in the U.S. dropped 6.7% between January and February, according to a new inflation report released Tuesday.
that roiled consumers and became fodder for political attacks—though prices are still more than 50% higher than this time last year.MediaNews Group via Getty ImagesThe drop in prices is the first since September, and only the third monthly decline since the summer of 2021.
The price for a dozen grade A eggs in U.S. cities is down even more—February’s $4.21 average cost was more than 12% lower than January’s all-time record of $4.82,The decline in egg prices led the way in cooling the monthly inflation rate for groceries down to just 0.3%, while a 6.1% drop in the price of lettuce and 2.5% decline in the cost of bacon were also top contributors, according to Tuesday’s Consumer Price Index.
February’s egg prices remained 55.4% higher than in February 2022, when the average price for a dozen eggs in cities was around $2.The historic spike in egg prices has been primarily attributed to a major avian flu outbreak that impacted more than 50 million birds in the U.S. last year, though anti-agribusiness activists alsoagainst industry leaders, claiming prices were artificially inflated to increase profits—which egg producers like Cal-Maine Foods denied.
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