The avian bird flu outbreak has wiped out flocks of egg-laying hens, causing wholesale prices to rise.
The decision means interest rates for things like car loans, credit cards and other debt will go down. A carton of a dozen Grade A eggs now costs $3.65 on average, according to the Bureau of Labor Statistics. That’s up from $2.52 at the start of 2024.
Egg prices shot up by 8.2% nationwide in November in part due to holiday-based demand, according to Consumer Price Index data from Dec. 11. The prices are nearly 38% higher than a year ago, Experts tell The New York Times the avian bird flu is the major cause for price hikes. The outbreak has wiped out flocks of egg-laying hens, causing wholesale prices to rise.Average prices are about 20% higher than they were three years ago, according to the Associated Press.
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Bird Flu Consumer Price Index Price Hikes Christmas Egg Shortage
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