Shelter costs rose 0.3%, making up almost half of the monthly all-items increase. Notable drop in airline fares, down 4%, which likely lines up with the recent weak commentary on air travel. Gasoline prices fell 1%, but the overall energy index still edged up 0.2%
Wholesale egg prices are going down. How soon will it affect your grocery bill?
The U.S. Department of Agriculture reported Friday that the national average wholesale price of eggs has been steadily declining since late February. In other words, the cost that distributors are charging retailers is going down.
According to the latest USDA report, the average wholesale cost of large white eggs was $4.15 per dozen — about half of what it was just a few weeks ago.
Lower demand might help lower cost. So don’t panic-buy your eggs, experts say
It’s no surprise that soaring egg costs have left many Americans looking elsewhere for a source of protein. Ironically, that attitude shift may be helping keep egg prices from rising even further.
“That should happen, because high prices is really the market signal to us consumers to buy fewer eggs. If we buy fewer eggs, that leads to some lower prices,” David Anderson, a livestock economist and professor at Texas A&M University, said in an email.
That’s the reason Wooten from Virginia Tech advises customers against buying eggs in bulk when they’re worried that prices might go up. " Some of what might be driving egg prices is the panic buying that people have been doing over the past couple months," he said.
Edit. Here in Silicon Valley, CA the price of a dozen large eggs at Walmart is $8.12
