The average price for a dozen eggs continued to decline following a record high of $4.82 set in January.
The average price of a dozen Grade-A eggs decreased 60 cents in May, the largest monthly drop since January 1951, the Bureau of Labor Statistics announced on Tuesday.Get a weekly recap of the latest San Francisco Bay Area housing news.The historic rise in the price of eggs during 2022 was the result of inflation, soaring feed, fuel and labor costs and the bird flu outbreak that disrupted production and supply.
But that record-high of $4.82 in January - up from $1.93 in January of 2022 - began to gradually decline each month. With the 60-cent drop from $3.27 in April to $2.67 in May, the average price of eggs is now at its lowest since April 2022 when it was $2.52. Despite the declining cost of eggs, grocery prices overall experienced a 0.1 percent increase from April to May following two months of decreases.
, the price of ground beef increased from $1.87 per pound to $1.92, whole chicken went from $1.82 to $1.92, and fresh fruits and vegetables saw a three percent overall rise.
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