The price of eggs increased 10.3% in April. The UDSA predicts an increase between 19.5% and 20.5% year over year in 2022. That could mean $1.00 an egg.
In May eggs were up 32.2 percent year over year; butter and margarine, 20.2 percent; chicken, 17.4 percent; citrus fruits, 16.1 percent; milk, 15.9 percent; coffee, 15.3 percent; ground beef, 13.6 percent; baby food, 12.9 percent; and rice, pasta and cornmeal, 12.8 percent.
Wow! This article really worried me---till I remembered that there's now a plan in place to fight inflation:
Got some free eggs today I guess all is well in the world
Not free but .49 for 18 count "cage free" w/store coupon here.
Talking to friends with chickens, chicken feed is costing more than chicken scratch these days.
$1 an egg? Costco 24 organic pasture raised is approx 33c each. Grocery store dozen organic pasture raised 50c each.
Just fear mongering / clickbait / gouging.
4 million layers dead or culled just last month alone.
For those of you who may follow this (as I do).
Today, the Fed hiked 25bps as fully expected and their statement had 3 key highlights:
--Hawkish - keeps "ongoing increases" (plural) language signaling no pause in March.
--Small Dovish - adds inflation "has eased somewhat" but notes "remains elevated."
--Dovish - Changes "pace" of future increases with "extent", as it transitions from the rate of hikes to the duration of higher rates before any pivot.