U.S. Egg Prices PLUMMET 12.7% — Biggest Monthly Drop Since 1984
U.S. egg prices nosedived by 12.7% in April, marking the steepest monthly decline since March 1984, according to the latest Consumer Price Index data released Tuesday.
The average price for a dozen Grade A eggs fell to $5.12, down from a record $6.23 in March.
According to the latest U.S. Bureau of Labor Statistics:
Five of the six major grocery store food group indexes decreased in April. Driven primarily by a 12.7-percent decrease in the index for eggs, the index for meats, poultry, fish, and eggs fell 1.6 percent in April after rising in recent months. The fruits and vegetables index decreased 0.4 percent over the month and the cereals and bakery products index declined 0.5 percent.
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The index for food at home rose 2.0 percent over the last 12 months. The meats, poultry, fish, and eggs index rose 7.0 percent over the last 12 months as the eggs index increased 49.3 percent.
In January 2017, as Trump assumed office, the average price for a dozen eggs was approximately $1.32. Throughout his tenure, prices remained relatively steady.
When Joe Biden took office in January 2021, the average price for a dozen Grade A eggs was a modest $1.47. Fast forward to December 2024, and that same dozen now costs a staggering $4.15—a nearly 200% increase, according to the Federal Reserve of St. Louis.
The Biden administration has attempted to deflect blame, citing factors such as avian influenza outbreaks and supply chain disruptions. However, these excuses fall flat when considering the broader context of rampant inflation and economic policies that have devalued the purchasing power of the average American.
Prices had shot up due to mass culling of chicken flocks during the waning months of the Biden administration to fight an outbreak of avian flu that Democrats have been trying to blame on President Trump.
President Donald Trump’s administration has taken decisive action to address the crisis.
In February, the U.S. Department of Agriculture announced a $1 billion investment to bolster biosecurity measures on farms.
The Trump Department of Justice also investigated major egg producers regarding the steep rise in prices.
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