The steep drop comes one day after data showing egg prices at grocery stores fell on a monthly basis for the first time since September.
As the U.S. sees an eighth straight month of falling inflation, a steep drop in wholesale egg prices last month fueled an unexpected decline in the producer price index, a predictive indicator for consumer prices, data from the Bureau of Labor Statistics released Wednesday showed.AP/Ross D. FranklinA 36.
While chicken eggs were the largest contributor to the decline, prices of fresh and dry vegetables, as well as natural gas and diesel fuel also fell, the Labor DepartmentFor the first time since September, egg prices dropped on a month-to-month basis, falling 6.7% between January and February, the Labor Department reported Tuesday. In February, the average price for a dozen grade A eggs was $4.21, down from January’s record breaking price of $4.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wholesale prices decline, PPI shows, and hint at easing U.S. inflationU.S. wholesale prices fell 0.1% in February --- the second decline in three months --- hinting at some easing in stubbornly high inflation.
Read more »
Eggs and other wholesale prices decline, PPI shows, and hint at easing inflationU.S. wholesale prices fell 0.1% in February --- the second decline in three months --- hinting at some easing in stubbornly high inflation.
Read more »
Key inflation measure shows wholesale prices fell last month | CNN BusinessA key measure of inflation fell dramatically in February, according to the latest Producer Price Index, which tracks what America's producers get paid for their goods and services.
Read more »
Egg Prices Finally Drop 6.7% In Biggest Decline Since 2020—But Remain Historically ExpensiveThe price of eggs in the U.S. dropped 6.7% between January and February, according to a new inflation report released Tuesday.
Read more »
Egg prices are falling after five months of price hikesEgg prices are tumbling after five months of price hikes that drove some consumers to smuggle cheaper eggs from Mexico.
Read more »
Egg Prices Finally Drop 6.7% In Biggest Decline Since 2020—But Remain Historically ExpensiveThe price of eggs in the U.S. dropped 6.7% between January and February, according to a new inflation report released Tuesday.
Read more »