Inflation and a historic avian flu outbreak have made eggs prohibitively expensive for the last few months.

Tayfun Coskun/Anadolu Agency via Getty Images

The cost of eggs is finally falling, according to the Bureau of Labor Statistics.
That’s after months of high prices due to the impact of inflation and the avian flu. 
The cost of other breakfast staples, like bacon, fell in February as well. 

Brunch is about to get a lot easier again. 

That’s because the cost of eggs and bacon has finally decreased after five months of soaring prices, due to inflation’s impact on food coupled with a deadly avian flu that’s killed a record-breaking 58.2 million farm birds across the US. 

Inflation cooled down overall, and egg prices fell 6.7% last month, according to the Bureau of Labor Statistics’ Consumer Price Index release on Tuesday. The price of bacon also decreased by 1.5%, and even cheese and orange juice experienced modest declines in cost. 

 

That means it’s the best time in months to grab breakfast at the deli. 

Inflation impacted the cost of eggs as the avian flu began to spread in earnest last February. The average price of a dozen eggs surged nearly 60% last year to over $3.70; and in seven states, it more than doubled. 

By December, the average price was $4.25 for a dozen, more than twice what they cost a year earlier, per the CPI. UrnerBarry, a market research firm that analyzes the wholesale food industry, told CNBC that the cost of a dozen eggs hit a peak of $5.43 one week in December. But things have been looking up since then.

Like other parts of the food industry, egg farmers reported that inflation — mainly due to the increased costs in energy and feed due to Russia’s war with …read more

Source:: Businessinsider