Not only have eggs become expensive, but they’re also becoming hard to find due to the spread of Avian flu. As the flu continues to wipe out flocks at farms, consumers are feeling the pain financially.
According to the U.S. Bureau of Labor Statistics, the average cost of a dozen large Grade A eggs was $4.95 in January, up from $4.15 in December. This comes after the latest consumer price index shows that the price of eggs is up 53% from where it was a year ago. According to the U.S. Department of Agriculture, the average price of a dozen eggs is now $7.95, up from $3.30 this time last year.
“I don’t think there’s going to be any new term relief because once avian flu is detected on any particular farm, the cleanup and the sanitation can take a pretty long time,” said Parul Jain, professor finance and economics at Rutgers University. “And then, you know, since all the birds are killed, we have to wait for fresh ones to hatch. And it’s not going to be an overnight process. So, I think it could be very well in the vicinity of about six to nine months. That we’re looking for any end relief or relief from inflation.”
