Why Egg-flation Could End Up Being a Headache for the Fed: Morning Brief

by Julie Hyman
Yahoo! Finance

Everyone has an egg story lately.

My local Trader Joe’s has been entirely out of eggs for several weeks, so I ended up buying a couple dozen close to work and carting them home on the train. A colleague paid $12 for a dozen eggs at his grocery store in Queens.

And Waffle House, that hurricane-seriousness bellwether, is reflecting the egg-flation storm with a 50-cent surcharge.

It’s not just anecdata. Avian flu has created a severe egg shortage, driving up prices by 15% from December to January alone — for a whopping 53% change from January 2024. As our Brooke DiPalma reported, the USDA predicts egg prices could climb a total of 20.3% this year.

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