The rising cost of eggs, now exceeding $5.99 a dozen, stems primarily from avian influenza reducing supply while demand remains steady. Since 2022, over 166 million birds have been infected or culled, significantly impacting egg-laying hens. Additionally, general inflation exacerbates prices, as transportation and production costs rise. The laws of supply and demand showcase that low supplies against steady demand lead to increased prices, making egg purchases financially challenging for families reliant on them for meals.
If you've been wondering why you need a second mortgage to afford your breakfast, here's what you need to know about this price eggsplosion.
The loss of so many chickens means there is a smaller supply of eggs, which has pushed up the price.
Even if you slept through your Econ 101 class, you probably remember the law of supply and demand: When supply is low and/or demand is high, prices increase.
Avian flu may be the primary driver of the eye-watering prices of a dozen eggs, but it's not the only one.
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