In April, egg prices experienced a significant decline of 13%, marking the steepest drop since 1984. Despite this reduction, analysts caution that consumers may not see substantial long-term relief, as prices remain notably elevated due to supply constraints from bird flu outbreaks. The average price for a dozen large Grade A eggs was still 79% higher compared to the previous year. This April decline is seen as minor relative to historical highs, and while overall food prices have dropped, the volatility of food prices means changes may not sustain.
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.
The little bit of relief offered in April is really a drop in the bucket considering how far egg prices have climbed.
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