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Fact check: Social media post inflates egg price increases, omits other reasons for prices

The claim: Food prices have gone up 7% and egg prices have gone up 700%

https://www.usatoday.com/story/news/factcheck/2023/01/20/fact-check-false-claim-egg-prices-have-risen-700-inflation-consumer-price-index-bird-flu-food-costs/11076635002/

phkrause

Obstinacy is a barrier to all improvement. - ChL 60
Posted

Again you seem to be disputing a claim that has not been made here .

But as far as prices go and whoever said 700 %, probably feels like it at checkout.  Regular price of eggs here is 5.99 a dozen.  Head of cauliflower is 7.99, great price Huh? Four tomatoes,10.52.  Centerpoint energy bill,gone from a high of 82.00 to 141.23 with a new furnace. You ignore those accomplishments since Biden became president and deflect again.  I checked and didnt find any debate here about  7% and egg prices have gone up 700%

 

Everything you do is based on the choices you make. It's not your parents, your past relationships, your job, the economy, the weather, an argument, or your age that is to blame. You and only you are responsible for every decision and choice you make, period ... ... Wish more people would realize this.

Quotes by Susan Gottesman

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Fact check: False claim that egg yolk study is linked to higher egg prices, chicken farm fires

The claim: Egg yolk antibody study is connected to higher egg prices and chicken farm fires

https://www.usatoday.com/story/news/factcheck/2023/02/13/fact-check-2020-study-not-linked-higher-egg-prices-farm-fires/11206367002/

phkrause

Obstinacy is a barrier to all improvement. - ChL 60
  • 2 months later...
  • phkrause changed the title to Egg Price's
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U.S. egg producers conspired to fix prices from 2004 to 2008, a federal jury ruled

INDIANAPOLIS (AP) — An Illinois jury ruled this week that several major egg producers conspired to limit the U.S.'s supply of eggs in order to raise prices in a case stemming from a federal lawsuit originally filed 12 years ago.

https://apnews.com/article/egg-producers-price-gouging-lawsuit-conspiracy-8cd455003a3a40bab74d0f046d0f2c9d?

phkrause

Obstinacy is a barrier to all improvement. - ChL 60
  • 4 months later...
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phkrause

Obstinacy is a barrier to all improvement. - ChL 60
  • 7 months later...
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Egg prices

Egg prices are rising again, but a spike in avian flu and high demand due to holiday cooking are making the problem worse. "If you think about your holidays, your baking, your cooking, you're entertaining, all of those require extra eggs," said Emily Metz, president and CEO of the American Egg Board. Egg prices at the grocery store were up about 30% in October from the year prior, according to the Consumer Price Index. At the same time, avian flu has been plaguing farmers and egg supplies since January 2022. But cases started to spike again last month in the key egg-producing states of Oregon, Utah and Washington — resulting in a projected loss of about 60 million eggs, according to a report by the US Department of Agriculture.

phkrause

Obstinacy is a barrier to all improvement. - ChL 60
  • 3 weeks later...
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🥚 Egg prices are the new gas prices
 
A line chart that illustrates the monthly inflation for eggs and bacon from January 1980 to November 2024. Egg prices rose 315%, while bacon prices increased 371%.
Data: Bureau of Labor Statistics via FRED. Chart: Axios Visuals

Egg prices now rival gas prices as the first place people look to get a sense of how far their dollar will take them, Axios' Felix Salmon writes.

  • Eggs became a poster child for inflation in 2022, when bird flu severely reduced supplies. Prices are still high now — and it's still mostly because of bird flu.

🍳 By the numbers: Egg prices rose to $3.65 per dozen in November, up 8% from October and up 71% year-on-year — but below the record high of $4.82, set in January 2023.

🛒 What's next: Trump was noncommittal in his TIME magazine interview when asked about bringing down grocery prices.

  • "I'd like to bring them down. It's hard to bring things down once they're up. You know, it's very hard. But I think that they will [come down]," he said.

Transcript of Trump's interview.

phkrause

Obstinacy is a barrier to all improvement. - ChL 60
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🥚 Egg prices keep rising
 
mail?url=https%3A%2F%2Fimages.axios.com%
A supermarket in Queens. Photo: Lindsey Nicholson/UCG/Universal Images Group via Getty Images

The escalating bird flu crisis is ravaging the nation's supply of eggs, leading to higher prices and an immediate challenge for the Trump administration, Axios' Nathan Bomey and Kelly Tyko report.

🐣 Egg prices are climbing to new record highs daily, says Karyn Rispoli, managing editor for eggs in the Americas for price-reporting service Expana.

  • A dozen large eggs in the Southeast and South Central "will be north of $7," while Midwest eggs are $6.95, Rispoli said.

🍳 Between the lines: Egg prices became a misplaced shorthand for criticism of the economy under former President Biden. Bird flu, not macroeconomic conditions, is the main culprit.

  • With bird flu still raging, egg prices likely will keep flying to new highs in the coming weeks and months.

phkrause

Obstinacy is a barrier to all improvement. - ChL 60
  • 2 weeks later...
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Waffle House is passing along the sky high cost of eggs to diners with a 50 cent surcharge

NEW YORK (AP) — The Waffle House restaurant chain is putting a 50 cent per egg surcharge in place because of the biggest bird flu outbreak in a decade.

https://apnews.com/article/waffle-house-eggs-bird-flu-89025262684f051bdf8f7350dcf1613a?

phkrause

Obstinacy is a barrier to all improvement. - ChL 60
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🍳 Egg surcharges
 
Illustration of a plate of breakfast with the eggs missing and represented as dotted lines
 

Illustration: Sarah Grillo/Axios

 

Restaurants are starting to crack under the weight of the nation's egg crisis, Axios' Nathan Bomey and Kelly Tyko write.

  • Why it matters: A devastating bird flu outbreak has ravaged the nation's supply of eggs, leading to egg shortages and increased prices at grocery stores.

🥚 Waffle House — based in suburban Atlanta, with 2,100 locations nationwide — added a temporary surcharge of 50¢-per-egg surcharge, citing record-high prices and the biggest bird flu outbreak in a decade.

  • Smaller, more local chains and individual restaurants have already added surcharges.

Keep reading.

phkrause

Obstinacy is a barrier to all improvement. - ChL 60
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The End of a Cheap Staple

(Yulia Reznikov / Getty)

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One sign that the egg-cost crisis has gotten dire came in the form of a bright-yellow sticker on a laminated breakfast menu: On Monday, Waffle House announced that it would be adding a temporary 50-cent surcharge to each egg ordered.

Egg prices have risen dramatically as of late. First, inflation pushed up their cost. Then the ongoing bird-flu outbreak led to shortages. On the campaign trail, Donald Trump assured Americans that he would get food costs under control: He vowed last summer that he would bring food prices down “on day one”—a promise he did not fulfill. As egg prices have kept ticking up in recent weeks, Karoline Leavitt, Trump’s press secretary, has blamed the Biden administration for high egg costs, citing the standard, USDA-authorized measure of killing millions of egg-laying chickens that were infected with bird flu (something the previous Trump administration also did). The average price of a dozen eggs in U.S. cities remained below $2 until 2022. Eggs now cost an average of more than $4 a dozen—it’s a lot higher at some grocery stores—and the USDA has forecasted a 20 percent further price jump for eggs in 2025. As a spokesperson for Waffle House said in a statement, high egg prices are now forcing customers and restaurants to make “difficult decisions.”

As egg prices shift, so does the pricing logic that grocery stores and restaurants have long used. For decades now, grocers have helped maintain eggs’ affordable image, even when the amount they themselves spent on eggs was fluctuating. Many stores consider eggs “loss leaders”; they effectively subsidize the cost of eggs in order to draw in shoppers (who, they expect, might then splurge on higher-margin items). This was possible for stores to do because eggs were cheap to produce and readily in supply. Innovations in industrial farming, incubation, artificial lighting (to trick hens into thinking it was morning and time to lay), and carton technology meant that, by the early 20th century, cheap eggs were bountiful in American markets.

But when wholesale costs soar, as they are now, the loss-leader rationale starts to strain. (The cost of a dozen eggs for restaurants and stores is about $7, compared with $2.25 last fall, according to one recent estimate.) A few grocers are keeping egg prices consistent despite rising costs, but many more have started passing high prices over to shoppers. Eggs are also ingredients in lots of grocery items, such as baked goods and salad dressing—so those may see price increases too.

As for restaurants, when the cost of a single item goes up, they are generally willing to absorb it, with the hope that the price will soon go down and perhaps another item will be cheaper the next month, Alex Susskind, a Cornell professor who teaches courses in food and beverage management, told me. But when a cost goes up as continuously as egg prices have, restaurants start to run out of options. Susskind noted that the Waffle House spike was not a permanent price increase but a surcharge, which leaves open the option for the chain to simply remove it in the future. The Waffle House spokesperson said in the restaurant’s statement that “we are continuously monitoring egg prices and will adjust or remove the surcharge as market conditions allow.”

All of this has hit Americans hard, because we eat quite a lot of eggs. Egg consumption peaked around the end of World War II, when Americans ate an average of more than one egg a day per person. After waning a bit in the 1990s, eggs bounced back in the 2010s: By 2019, Americans were eating an average of about 279 eggs a year—that’s five to six a week. The resurgence was due in part to the fact that, after decades of warning about the risks of high-cholesterol foods, the federal government updated its guidance. Now some Americans are cutting back temporarily, but others are attempting to stock up on several dozens of eggs at a time. In spite of all the drama of the past few years, Americans aren’t likely to go eggless anytime soon. Eggs are “so embedded in American culture,” my colleague Yasmin Tayag, who covers science and health, told me, predicting that “it will take a lot more than a few years of price shifts to change that.”

The price of eggs has become a symbol of where America is going: first as a sign of inflation, now of the ongoing bird-flu outbreak. Even if you had tuned out current events for the past couple of years—if you’d deleted social media, turned off news notifications, read only Victorian novels—a version of this news was still going to reach you, in the egg aisle of the grocery store. Stocking up on eggs or cutting back is a temporary solution to a bird-flu problem that is likely to persist. The virus, Yasmin said, will keep coming back, at least until more effective mitigation measures, such as vaccines, become widespread. And week after week at the grocery store, many Americans will feel the effects.

ps:Personally I'll be very surprised if egg prices go down to where they were!!

phkrause

Obstinacy is a barrier to all improvement. - ChL 60
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The heist of 100,000 eggs in Pennsylvania becomes a whodunit that police have yet to crack

ANTRIM TOWNSHIP, Pa. (AP) — The heist of 100,000 eggs from the back of a trailer in Pennsylvania has become a whodunit that police have yet to crack.

https://apnews.com/article/eggs-stolen-pennsylvania-100000-c1c260ca05b9f84612c61071cb504939?

phkrause

Obstinacy is a barrier to all improvement. - ChL 60
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🥚 1 for the road: Unsolved egg heist
 
Illustration of a frying egg with a dollar sign for a yolk
 

Illustration: Sarah Grillo/Axios

 

Police in Pennsylvania are still looking for clues after a thief made off with 100,000 eggs last weekend.

  • "In my career, I've never heard of a hundred thousand eggs being stolen. This is definitely unique," Megan Frazer, a spokesperson for the Pennsylvania State Police, told AP.

🚓 The eggs were stolen from a distribution trailer Saturday evening. With egg prices soaring, they're worth about $40,000 — enough to make the theft a felony.

phkrause

Obstinacy is a barrier to all improvement. - ChL 60
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As egg prices continue to soar, grocers like Trader Joe’s limit how many cartons customers can buy

Not only are eggs expensive because of the ongoing bird flu outbreak. Now they are getting hard to find. And when stores do have eggs, consumers are starting to face limits on how many they can buy.

https://apnews.com/article/egg-prices-trader-joes-costco-limits-f3fba67fa563df8a384736eac6ea6367?

phkrause

Obstinacy is a barrier to all improvement. - ChL 60
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Breakfast is booming at US restaurants. Is it also contributing to high egg prices?

It’s a chicken-and-egg problem: Restaurants are struggling with record-high U.S. egg prices, but their omelets, scrambles and huevos rancheros may be part of the problem.

https://apnews.com/article/egg-prices-restaurants-breakfast-637b1a2b067b51534719d6f95aa70208?

phkrause

Obstinacy is a barrier to all improvement. - ChL 60

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