The price of a dozen eggs is back under $2. What happened to all the buzz?
For most of 2022 and early 2023 all you could read about was the increasing price of eggs. And with good reason, they were expensive.
But as of October 2023, a dozen eggs cost about $1.77 at Walmart, a decrease of over 66%. So what happened to all the buzz about eggs? And why are they so cheap now?
The temporary price spike of eggs in the United States was due to a number of factors.
The Bird Flu Outbreak
The bird flu outbreak is a highly contagious disease that can kill poultry such as chickens and turkeys. In 2022, the United States experienced its worst bird flu outbreak on record. Over 50 million birds were lost to the outbreak, including millions of egg-laying hens. The loss of these hens reduced the supply of eggs, which drove up prices.
Inflation
Inflation in the United States was at a 40-year high in 2022. This was due to a number of factors, including the COVID-19 pandemic and the war in Ukraine. This increased the cost of producing and distributing eggs, which also contributed to the price spike.
Today, Inflation is at %3.67, less than half what it was at its height in 2022.
Supply Chain Disruptions
Supply chain disruptions caused by the COVID-19 pandemic and the war in Ukraine made it more difficult and expensive to transport eggs from farms to grocery stores.
The drop in egg prices is a clear sign that the economy is getting back on track, and it's perfect timing with the holiday season just around the corner. So prepare yourself for all the baking and family breakfasts you heart desires.