The price of eggs rose by 10.4% in February, driving the prices for meats, poultry, fish and eggs up by 1.6%, but there are indications that there may be some relief coming, according to the U.S. Department of Agriculture.
Food prices overall went up by 0.2% for the month, after rising 0.4% in January, the latest consumer price index, released by the U.S. Department of Labor’s Bureau of Labor Statistics Wednesday, shows.
But weakening demand driven by the climbing prices has allowed supplies of eggs to start catching up, according to the USDA, and Brian Moscogiuri, a vice president at supplier Eggs Unlimited, told Bloomberg that egg prices are starting to “erode very rapidly.”
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