New retail price data shows supermarket prices of a dozen eggs have soared to record highs. The surge comes amid an ever-expanding bird flu outbreak that has led to the culling of millions of birds, denting the size of the nation's egg-laying hen population.
Bloomberg cited Expana data showing that a dozen eggs in the Midwest cost about $5.67 this week, exceeding the record high of $5.46 set in December 2022.
Expana's managing editor for eggs in the Americas, Karyn Rispoli, explained that a "potent combination of avian flu-related production losses and heightened retail demand throughout the holiday baking season" catapulted prices to record highs.
She said 17 million egg-laying hens and younger birds known as pullets had been culled since mid-October amid a surge in bird flu cases, adding that was one of the worst stretches in the current bird-flu outbreak since the virus first emerged in the nation's flock in February 2022.
"The virus also jumped to other species including dairy cattle, while a person was hospitalized with a severe case of H5N1 bird flu in Louisiana this week," Bloomberg noted.
And pointed out in the November CPI print: "A quarter of the November rise in prices for final demand goods is attributable to a 54.6-percent jump in the index for chicken eggs."
This comes as global food inflation has entered a dangerous phase of re-acceleration.
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