By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
AmextaFinanceAmextaFinance
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
AmextaFinanceAmextaFinance
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
AmextaFinance > Finance > Egg prices fell by nearly 14% in May after a year of price surges, while other food items also saw price declines
Finance

Egg prices fell by nearly 14% in May after a year of price surges, while other food items also saw price declines

News Room
Last updated: 2023/06/13 at 3:11 PM
By News Room
Share
2 Min Read
SHARE

An “egg-cellent” piece of news for egg lovers: egg prices are finally easing.

Egg prices fell 13.8% from April to May, according to inflation data released by the Department of Labor Tuesday. Egg prices were 0.4% lower in May than a year ago — the first time that egg prices posted an annual drop in the last year.

A dozen grade-A large eggs cost $2.67 in May, compared to a peak of $4.82 in January, and $2.86 a year ago, according to the Bureau of Labor Statistics. 

Egg prices surged over the last year due to avian influenza. The flu resulted in the culling of millions of chickens and a shortage of eggs. At the beginning of this year, egg prices were 70.1% more expensive than a year prior — a record high. The latest avian-flu outbreak lasted into winter, while previous outbreaks typically ended in summer. Supply issues during the busy holiday season also contributed to the increase in egg prices.

What’s more, feed prices, especially organic feed prices, were up because of supply-chain disruptions caused by geopolitical conflicts — compounded by the lasting impact of the pandemic, analysts told MarketWatch. 

Other items are also seeing lower prices. Pork was 2.9% cheaper in May compared to a year ago, while fish and seafood were 1.1% cheaper. 

Food prices remain higher overall, but they are growing at a slower pace than earlier in the year. The Consumer Price Index rose 4% in May year-over-year, while food inflation rose 6.7%. Grocery prices rose 5.8% in May compared to the previous year. Food insecurity is also on the rise as many low-income families struggle to pay bills. 

From the archive: Why egg prices are sizzling — up 38% on last year

Read the full article here

News Room June 13, 2023 June 13, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

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

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Western carmakers risk wipeout in China, warns Jeep owner Stellantis

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

US stocks close off session lows, volatility climbs higher, Trump talks recession possibility

Watch full video on YouTube

Why Real Madrid Is Set To Top The Sports Valuation Charts — It’s Not All About Mbappé

Watch full video on YouTube

Alico, Inc. (ALCO) Q2 2025 Earnings Call Transcript

Alico, Inc. (NASDAQ:ALCO) Q2 2025 Earnings Conference Call May 14, 2025 8:30…

Julius Baer ordered to pay $5mn over ‘serious violation’ of regulations

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

- Advertisement -
Ad imageAd image

You Might Also Like

Finance

4 Ways To Avoid Fake Shipping Fee Swindles

By News Room
Finance

Dell Supports Endeavor Miami’s Quest To Empower Black Founders

By News Room
Finance

The World’s 10 Most Expensive Cities To Live

By News Room
Finance

Biden Sends Student Loan Forgiveness Emails To 800,000 Borrowers

By News Room
Finance

New Student Loan Forgiveness Application For Those With Medical Issues

By News Room
Finance

Who Really Owns Nursing Homes, And How The Feds Are About To Learn More

By News Room
Finance

Gone Are America’s Cushiest Federal Prisons

By News Room
Finance

Can You Still Get Insurance After A Cancer Diagnosis?

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

YOUR EMAIL HAS BEEN CONFIRMED.
THANK YOU!

Welcome Back!

Sign in to your account

Lost your password?