Egg prices finally fell for the first time after five months of waiting. World’s worst poultryinfluenzaimpact, requirementsEggThe price is increasing continuously. However, the latest price data released on Tuesday (14) showed that the price of eggs in the United States fell by 6.7% last month. In addition, the prices of oranges and bacon also fell, and breakfast may now cost less for Americans. Be a little cheaper
Before the first drop in egg prices, bird flu killed millions of chickens in the United States, sending egg prices to record highs. The 6.7% drop was the biggest drop in 2020 so far.
According toLabour DepartmentThe food sector still rose 0.4 percent in the February Consumer Price Index (CPI) released on Tuesday, a slight improvement from January’s 0.5 percent gain. Food prices remained high, with prices of bread, beef, ham and potatoes rising, and frozen vegetable prices reaching record highs.
Bloomberg News reported that another reason for the rise in food prices in the United States is that some Republican Congress members are working to reduce federal funding to participate in the US food subsidy program to reduce household spending. Are.
First Watch Catering Group, a chain restaurant company focused on breakfast operations, predicts that commodity inflation for this year will be between 4% and 6%, compared to last year’s 18%. is quite low. Raw material of first watch cost reduction. Last year, the shortage of eggs forced the company to go to the spot market to grab eggs for adequate supply.
“Eggs are our main protein item and that’s what consumers come to our stores for,” Chris Tommaso, CEO of First Watch, said in an interview Monday. Herd numbers will return to sufficient levels to supply the market.