When will eggs be cheaper and easier to find?

(NEXSTAR) – Themes we see frequently over the year: high price tag on everyday food itemsespecially egg.

Signs have been posted at grocery stores across the country since spring, acknowledging high prices and limited supplies in the center national egg shortage. At one point, the cost of a dozen eggs exceeded $3 for the second time in history.

In the months since the price of eggs has hovered around the same rate. According to Federal Reserve Bank of StThe average price for a dozen Class A large eggs rose sharply between March and May, then again between June and August.

Since January 2021, average retail egg prices are up 98%, Bernt Nelson, an economist for the American Farm Bureau Federation told Nexstar.

Despite falling 3.5% since August, egg prices are up more than 30% since last September, the latest Consumer Price Index from the Labor Department shows. Thursday.

eggs are expensive and in limited supply which is largely due to to the national bird flu outbreak, supply chain challenges, and high feed costs.

How long will we face these prices and shortages? It’s hard to say.

In his latest Chicken and Egg report, the USDA reported that egg production was down 2% year-over-year in August with an estimated 9.1 billion eggs being laid. The decline was largely due to the bird flu outbreak, which affected 36.75 million egg-laying birds.

There is hope though: Nelson recorded 56 million egg-type chickens hatched in August, 13% more than in August 2021. The increase “is a good sign to rebuild the population,” he explained.

“If the HPAI outbreak is less severe during the rest of the fall, and more egg-type chickens are available for layers, this means a larger supply of table egg layers, and a larger supply of table eggs,” Nelson said. “A greater supply of table eggs will drive up the price of table eggs at the grocery store.”

As of Thursday, USDA Midwest regional egg prices REPORTS shows a dozen eggs costs around $2.

Eggs are among the groceries items hardest hit by inflation. Others include items that will be in high demand for the holiday baking season, such as butter and flour.

Thursday’s report showed inflation accelerating overall. The Consumer Price Index rose 0.4 percent for September after 0.1% in August and rose 8.2% over the 12 months. The rise in inflation is driven by a historic increase for Social Security benefits starting next year, but some answered that it is not enough to maintain the cost of daily goods, like groceries.

The Associated Press contributed to this report.

📲 Download the FOX4 News app to stay updated on the go.
📧 Sign up for FOX4 email alerts to get the latest news delivered to your inbox.
💻 Find today’s top stories on fox4kc.com for Kansas City and all of Kansas and Missouri.

Leave a Reply

Your email address will not be published. Required fields are marked *