FILE-Customers shop for eggs at an H-E-B grocery store in Austin, Texas. (Photo by Brandon Bell/Getty Images)
The price of eggs rose again in March to a new record-high, an increase reported Thursday in the Consumer Price Index.
How much do eggs cost now?
Why you should care:
Egg prices reached a record-high of $6.23 per dozen despite a decline in wholesale prices and no egg farms with bird flu outbreaks, the Associated Press reported. Demand for eggs is usually increased until after Easter, which is on April 20.
What caused the surge in egg prices?
Dig deeper:
University of Arkansas agricultural economist Jada Thompson told the Associated Press that wholesale egg prices did not start dropping until mid-March, and there may not have been ample time for the average egg price for the month to decline. Thompson added that grocery stores may not have immediately passed on the lower prices.
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Additionally, bird flu outbreaks were referenced as a catalyst of egg prices spiking in January and February after over 30 million egg-laying chickens were killed to prevent the spread of the disease. The AP reported that 2.1 million birds were slaughtered in March and none of them were on egg farms.
The AP noted that farms with outbreaks last year are working to resume egg production after cleaning their barns and raising new flocks, but chickens must be six months old before they start laying eggs.
Were egg prices lower in past months?
Local perspective:
Egg prices hit $5.90 in February, one month after setting a record at $4.95 per dozen, the Associated Press reported, citing the U.S. Bureau of Labor Statistics.
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Consumers deal with prices much higher than that in some places; in California, the price per dozen eggs topped $12 in some stores.
Earlier in the bird flu outbreak, egg prices surged to $4.82 in January 2023 before dipping to $2.04 per dozen in August 2023. Egg prices have since increased significantly.
The Source: Information for this story was provided by the Associated Press, which cites data from the Consumer Price Index and the U.S. Bureau of Labor Statistics. This story was reported from Washington, D.C.