US egg prices hit a record high of $4.95 and are likely to keep climbing
US egg prices hit a record high of $4.95 and are likely to keep climbing
The latest monthly consumer price index showed that the average price of a dozen Grade A eggs in U.S. cities reached $4.95 in January.
Summary
Egg prices in the U.S. have reached a record high of $4.95 per dozen amid a severe bird flu outbreak that has led to the culling of millions of egg-laying chickens.
The shortage is compounded by rising feed, fuel, and labor costs, as well as increased demand and stricter cage-free regulations in several states.
Consumers face empty shelves, surcharges, and limited availability, with some areas pricing cartons at $10 or more.
Prices are expected to continue rising, especially with Easter demand.