Egg Prices Continue to Fluctuate Amid Investigation and Seasonal Demand
In recent developments, egg prices in the U.S. have been a major topic of concern as they continue to hit record highs, particularly with Easter and Passover approaching. Despite some signs of relief with prices beginning to drop due to decreased demand and a response to the bird flu crisis, experts warn that fluctuations are likely to continue, with prices expected to surge again shortly. The Justice Department has opened investigations into possible antitrust violations among major egg producers, questioning the influence of corporate practices alongside the impact of avian influenza on supply. Consumers are grappling with inflationary pressures, with egg prices rising significantly, recorded at a staggering 59% increase year over year. As investigations unfold, shoppers are left navigating a market characterized by both high prices and diminishing supplies, with officials suggesting a return to normalcy could take several months.
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