Eggspensive forever
Why Eggs Got Wildly Expensive — And Are Likely To Stay That Way
It's not just bird flu that's causing egg prices to soar. Here's why they've gotten so expensive — and are likely to stay sky-high.
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The Lede
If there's a single product that epitomizes what consumers hate about high prices nowadays, it's eggs. People buy them regularly and therefore know their exact cost. They're ingredients in a lot of foods. And if you're looking for a protein source, they're one of the healthier alternatives out there that won't break the bank. Except they're not so inexpensive anymore.
Key Details
- Egg prices are soaring again as the bird flu sweeps the US for the third straight year, cutting into supply. On the other side of the equation, seasonal factors have pushed demand up.
- The cost of a dozen grade-A large eggs hit $4.15 in December, per the Bureau of Labor Statistics, up from $2.51 a year ago.
- "We are all in uncharted territory," said Brian Moscogiuri, a global trade strategist. He added that the industry had lost 26 million birds since October, more than 7% of the total flock.
