Egg prices rose 10.4% in February, leading to nearly a 60% increase over the past year, driven by ongoing avian influenza outbreaks. While general food prices rose only 0.2%, eggs have been a major factor in grocery inflation. The Justice Department has initiated an antitrust investigation into major egg producers amid rising concerns over pricing practices. With significant revenue jumps reported by major producers and millions of egg-laying hens lost, the situation raises challenges for consumers inspired by political promises of lower prices.
Egg prices have surged 10.4% in February, with a staggering nearly 60% rise from last year, primarily due to avian influenza-related shortages.
Food prices rose only 0.2% in February compared to previous months, but egg prices have sharply driven increases in grocery costs.
Amid rising egg prices, the Justice Department is investigating potential antitrust practices among major producers in the egg market.
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