Egg prices in US soar by 35% in just six months

Egg prices in the United States have skyrocketed by 35% over the past six months, Report informs, citing the Bureau of Labor Statistics (BLS). In May, a carton of twelve eggs cost an average of $2.70, but by November, the price had risen to $3.65.

While this is still below the record high of $4.82 seen in early 2023, consumers are struggling to find eggs on store shelves even at these elevated prices. The shortage is particularly acute in the segment of expensive, organically produced eggs. In the Washington area, prices for a dozen eggs range from $4.59 to $7.49.

The sharp increase in egg prices is primarily attributed to the outbreak of highly contagious avian influenza. Additionally, the demand for eggs traditionally rises before the holiday season, further exacerbating the situation.

Experts warn that the problem may persist for at least several months. Wholesale egg prices rose by 1.6 times in November, indicating a likelihood of further retail price hikes in December and January.

Beef prices have also seen a significant increase, with the cost of ground beef reaching a record high in September. As a result, overall wholesale food prices in November jumped by 3.1%, marking the largest increase in two years.

President-elect Donald Trump, who promised to ensure a reduction in food costs during his campaign, noted that while the inflation rate may slow down, prices rarely return to their previous levels.