A rise in food prices makes for a less than merry holiday season. Grocery prices rose 0.4% in November, according to the Consumer Price Index, released this week by the U.S. Bureau of Labor Statistics.
The article from MSN discusses the recent surge in grocery prices in the U.S., particularly highlighting the dramatic increase in egg prices as the holiday season approaches. This escalation is attributed to several factors including the ongoing recovery from the global supply chain disruptions caused by the COVID-19 pandemic, which has led to higher costs for feed, transportation, and labor. Additionally, an outbreak of avian influenza has significantly reduced the supply of eggs by necessitating the culling of millions of birds to control the spread of the virus. This supply shock, combined with increased demand during the holiday season, has driven egg prices up by as much as 49% in some areas. The article also notes that while some relief might be expected as supply chains normalize, consumers should brace for continued high prices in the short term due to these persistent issues.
Food & Wine
