Egg prices are soaring again and increased 8.4% in February from January, according to the latest Consumer Price Index released Tuesday.
Why it matters: Elevated prices ahead of Easter are giving consumers flashbacks to the sky-high prices of 2023, which peaked at $4.82 for a dozen in January.
- February 2024 prices dropped 17% from a year earlier, the CPI, a key inflation barometer, found.
Between the lines: Eggs were the top-ranked Google search on cost in 2023 in all 50 states and D.C., Google Trends analysis found.
Bird flu outbreak impact on egg prices
Driving the news: Supply issues related to the ongoing bird flu outbreak and weather-related demand have fueled the inflation of eggs, Brian Moscogiuri, a global trade strategist at Eggs Unlimited, told Axios.
www.axios.com/2024/03/12/egg-prices-2024-easter-cpi-inflation
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