Record High Egg Prices Dash Easter Hopes
Despite a drop in wholesale egg prices and the absence of new bird flu outbreaks on egg farms, retail egg prices reached a record high of $6.23 per dozen. This increase, reported in the Consumer Price Index, is attributed to the lag time between wholesale price drops and their reflection in retail prices, as well as the ongoing recovery of egg production from previous bird flu outbreaks. While some regions are experiencing lower prices, the overall impact on consumers remains significant, with some turning to alternatives for Easter crafts. The Department of Justice is currently investigating potential price-fixing by large egg producers.
John Q. Hosedrinker