Egg prices are falling, with a dozen now less than $5
After surging for much of the year, egg prices have declined sharply over the past week as consumers pulled back on purchases, allowing supplies to resettle at more normal volumes.
After surging for much of the year, egg prices have declined sharply over the past week as consumers pulled back on purchases, allowing supplies to resettle at more normal volumes.
The result: The average cost of a dozen large white eggs is now $4.90, compared with an all-time high of $8.64 on March 5, the United States Department of Agriculture said Thursday.
That's the lowest level registered since Dec. 20.
The prices for this measure remain significantly higher than the long-term average of around $2.
And the prices consumers are paying at the grocery checkout in the post-pandemic-lockdown era are still higher than their pre-Covid levels.
Rating: 5