Eggs and bacon are finally getting cheaper
release on Tuesday. The price of bacon also decreased by 1.5%, and even cheese and orange juice experienced modest declines in cost. Inflation impacted the cost of eggs as the avian flu began to spread in earnest last February. The average price of a dozen eggsBy December, the average price was $4.25 for a dozen, more than twice what they cost a year earlier, per the CPI.
"This year, my feed cost has jumped 26%, my electric cost is up 30%, and now my cost of cartons is up 45%," Ron Eichner, who owns Eichner's Family Farm in Wexford, PA,And losing millions of chickens at once is hard to rebound from. "Laying hens take months before they reach their laying potential," Rodney Holcomb, an agricultural economics professor at Oklahoma State University,The Hill in January, adding that it can take ten months for those hens to reach full maturity.
The egg news is welcome, especially as food prices increased slightly overall, by about 0.4% compared to January's 0.5% increase. The price for frozen vegetables remains at an all-time high, for instance, increasing by nearly 5% last month; the cost of bread, milk, and seafood all increased as well.
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