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Worry Side Up: Why the cost of eggs has doubled in the US
FirstpostThe price of eggs in the US has risen significantly — it has gone up from $1.72 in November 2021 to $3.59 in November 2022. According to data provided, average egg prices jumped 49.1 per cent in November 2022 compared to a year earlier — the largest annual percentage increase among all grocery items in that period. Deadly bird flu to blame One of the main driving factors behind the rising egg prices is the spread of an avian influenza virus, which started in early 2022. Brian Moscogiuri, a global trade strategist at Eggs Unlimited, an egg supplier based in Irvine, California, was quoted as telling CNBC, “It’s a supply disruption, ‘act of God’ type stuff.” Input costs soar Besides the avian flu to blame for the rise in egg prices, other inflationary pressures like energy, transportation and feed costs have also pushed up prices. “There’s a chance menu prices could go up, but right now, eatery owner Steve Jermyn said, “we’re trying to toe the line.” Similarly, owners of Rickey J’s bakery in Birmingham, Alabama are also struggling owing to egg prices.
History of this topic
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