How Egg Prices Reveal the Mysteries of Inflation
With inflation way down, we can wonder why egg prices were up 28.1% during the 12 months preceding this August. According to the CPI, recent food prices have minimally moved: Not nearly at their January 2023 spike to $4.82 a dozen, still, you can see recent egg prices have been trending upward to $3.20 in August. Again the reason is bird flu: And again, we can look to supply and demand. With the number of egg laying birds descending, shrinking supply nudged prices skyward. In Colorado, one egg-laying operation reported having “culled” 6 million birds with plans to kill another 1.8 million. ….[READ]
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