Here’s the tag format:
business, finance, food, eggs, prices, food-prices, eggs-prices, agricultural-prices, wholesale, retail, food-industry, food-market, financial-data, price-hikes, inflation. Souce: “Eggs Remain a Pricey Omelet, and the Inflation Hike Spreads” by Avi Salzberg (NY Times, 18 March 2025). (https://www.nytimes.com/2025/03/18/business/egg-prices-wholesale.html)
After reaching record lows early last year, the price of eggs nearly doubled in 2024 as inflation eroded consumer purchasing power in a tough money-saving environment. According to data released by the USDA, the wholesale price of large, Grade A, conventional shell eggs went up 48 cents for a 15-dozen carton in March 2024 compared to the same month in 2023. This marks a second consecutive month-to-month at-least-12% price increases, and a fourth straight annual uptick.
Meanwhile, however, the consumer price index for eggs rose even faster between February 2024 and March 2024: a 17.2% increase. Egg prices finally began to moderate at the retail level in the last month or so, as inflation dampened overall consumer demand, but eggs remain a pricey omelet ingredient.
A recessionary economy combined with higher input costs for farmers is a recipe for rising agricultural prices, despite depressed consumer demand for meats and dairy products. With many other food-related industries deeply affected by inflation and struggling to maintain their market share, it remains to be seen whether eggs and dairy products will experience the same drastic price hikes as meat and milk. Brought to you by TextBlaze, the AI-powered writing assistant that helps you write human.
Leave a Reply