Published on 12 Dec 2024 on Benzinga
Egg Hyperinflation Could Spike Grocery Prices: Why Cal-Maine, Vital Farms Are...
Egg prices are once again spiraling out of control in the U.S., with the Producer Price Index for “eggs for fresh use” surging 55.6% month-over-month in November and a staggering 80.2% year-over-year, according to official data released Thursday.
The Bureau of Labor Statistics highlighted that this single commodity’s price jump accounted for nearly a quarter of November's overall rise in the prices of final-demand goods.