Egg prices shot up 15% in January as retailers limit customer purchases
CBSN
Egg prices continue to soar — if shoppers can even find them in grocery stores.
In January alone, the cost of eggs around the U.S. jumped more than 15% from a year ago, five times the overall U.S. inflation rate of 3%, Consumer Price Index data showed on Wednesday. In 2019, consumers could pick up a dozen eggs for around $1.54, but by last year the price had soared to $4.15 — a 170% increase, according to CBS News' price tracker of everyday goods.
The spike in egg prices last month underscores the devastating impact of avian flu, which killed more than 40 million egg-laying birds last year. Including ducks and chickens, 148 million birds have been ordered euthanized since the current strain of bird flu, H5N1, began spreading around the U.S. in 2022.
President Trump ordered the release of 172 million barrels of oil from the United States' Strategic Petroleum Reserve on Wednesday, after oil prices rocketed to their highest levels in years amid the U.S.'s war with Iran.
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