The cost of eggs has increased in the last few months, pushing the cost of groceries for many Americans However, consumers are able to see the bright part now, as the price of an egg has dropped in grocery stores all over the country.
The rise in egg prices was caused by a variety of causes which included an avian influenza outbreak that afflicted thousands million of birds across the nation.
The bird flu outbreak has slowed down and inflation has eased its grip on the economy making an omelet has become cheaper.
According to the USDA’s latest report of egg prices estimates the average wholesale cost for an egg in the range of $0.99 to $1.39.
It’s far from the wholesale cost that was $5 per dozen eggs numerous locations across the nation in the beginning of this year as per department data.
Most recent information provided by the Bureau of Labor Statistics found that the price that consumers would shell out for 12 eggs in April was $3.27 this was the cheapest it’s been since September.
Phil Lempert, editor of the website SupermarketGuru.com Phil Lempert, editor of the website SupermarketGuru.com, stated that egg prices dropped, but also stores are no longer having to run out of the protein-rich product as they were in recent months.
“The great thing is that when you walk into the supermarket you’ll see eggs. This is in contrast to just a few months ago, when there was no chance of seeing eggs.” Lempert said to NPR, “and if you were there, you could get them for $7, $5 or $6.” or $7 twelve dozen.”
The most likely reason why egg prices are falling back down is because chicken farms are recovering from the bird influenza epidemic.
As per the Centers for Disease Control and Prevention More than the 58 million bird species have been affected by the highly pathogenic avian flu (HPAI) during the latest outbreak, which includes commercial poultry, as well as backyard chickens.
Lempert claimed that it takes a long time for hens that are newly born free of the deadly and contagious bird flu, lay eggs that are then offered to customers.
The price of groceries is also linked with inflation. Inflation was at a high level in the month of April however, it decreased. Prices for consumers increased by 4.9 percent during the same timeframe last year, but they fell compared to previous months.
Egg prices might not get back to their previous levels anytime in the near future, however, said Lempert as egg producers seek to compensate for losses in earnings and other supply chain problems, like labor shortages, and trucking industry issues.
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