Business Insider tells the global tech, finance, stock market, media, economy, lifestyle, real estate, AI and innovative stories you want to know.
It's a great time to make breakfast.The Bureau of Labor Statistics' egg price index fell about 13% over the month in April, the biggest decline since March 1984. Consumers have faced high egg prices and shortages over the last few years, partly due to outbreaks of bird flu that have cut into supply.
April's month-over-month drop is the fifth-largest on record since the BLS began the modern egg-price tracking index in 1947.Analysts warned against reading too much into the monthly plunge.'Lower prices are a welcome relief for consumers, but this month over month change glosses over how high prices have become due to the bird flu epidemic,' Stephen Kates, a financial analyst for Bankrate, told Business Insider.Kates said the average price of large Grade A eggs per dozen in April was 79% higher than a year ago at $5.12. That year-over-year increase is still cooler than the over 100% rise in March.The eggs index increased 49% over the year in April, cooler than other year-over-year rises so far in 2025, but still the largest price hike among items tracked by BLS. Overall inflation slid to 2.3%, the smallest rise since February 2021.'The little bit of relief offered in April is really a drop in the bucket considering how far egg prices have climbed,' NerdWallet's senior economist Elizabeth Renter said. 'That said, no one is going to argue with saving money on groceries, and grocery prices overall fell last month.'Renter added that food prices are volatile, so the drop may not last. The overall food index also fell in April from March, the first decline since 2020.'When talking about food inflation, it's best to step back and get a full picture of the trajectory of prices,' Renter said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Best NHL Player Prop Bets Today, April 13: Points For PastaThe last Sunday of the NHL regular season is here, and David Pastrnak highlights Chris Faria's three favorite NHL player prop picks.
Read more »
San Diego’s Weather Forecast for Sunday, April 13, 2025: Temps trending much, much coolerMax Goldwasser is ABC 10News' weekend evening anchor and forecaster. During the week, he reports on stories as an MMJ.
Read more »
13 Deviled Egg Recipes That’ll Steal the ShowEditor Food52
Read more »
Solana (SOL) Price Prediction for April 13Can traders expect price blast from Solana (SOL) next week?
Read more »
Softball photos: No. 10 Middletown North vs. No. 13 Morris Catholic, April 19, 2025Check out photos for No. 10 Middletown North vs. No. 13 Morris Catholic (Private vs. Public Showcase)
Read more »
Players of the Week in all 13 boys volleyball conferences, April 29-May 5Check out of the boys volleyball players of the week from each conference!
Read more »