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What is causing the recent spike in egg prices?
The average price of a dozen Grade A eggs has reached $4.95, marking a 65% increase since early 2024. This surge is primarily driven by a severe bird flu outbreak that has led to the culling of over 23 million birds in January alone. Additionally, inflationary pressures on feed and production costs have further exacerbated the situation.
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How does bird flu affect egg prices?
Bird flu outbreaks lead to the culling of infected birds to prevent the spread of the disease. This results in a significant reduction in the egg supply, which in turn drives prices up. The current outbreak has severely impacted the availability of eggs, contributing to the skyrocketing prices consumers are experiencing.
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Are retailers limiting egg purchases?
Yes, many retailers are responding to the egg shortage by imposing purchase limits on consumers. This is a strategy to manage the limited supply and ensure that more customers have access to eggs, despite the rising prices and ongoing shortages.
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What can consumers expect regarding egg availability?
Consumers can expect continued challenges in egg availability as the bird flu crisis unfolds. With prices likely to rise further and supply constraints in place, shoppers may face difficulties finding eggs in stores. It's advisable to stay informed about local supply conditions and consider alternatives if necessary.
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How are egg producers responding to the crisis?
Some major egg producers, like Cal-Maine Foods, have faced allegations of price manipulation during this crisis. Critics argue that these companies are prioritizing profits over expanding their flocks to meet demand. This has raised concerns about the long-term sustainability of egg production amid ongoing supply challenges.
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What impact does the egg price surge have on inflation?
The surge in egg prices has significantly contributed to overall inflation, with a reported 15.2% increase from December to January. This marks the largest month-over-month rise since 2015, highlighting how essential food items like eggs can influence broader economic trends.
