PanamaTimes

Friday, Mar 29, 2024

This February, Americans could spend as much as $2.3 million on eggs alone

This February, Americans could spend as much as $2.3 million on eggs alone

Actually finding eggs on store shelves has been harder, but the average price of eggs has risen — meaning Americans are spending a lot.

Grocery prices for main household staples have increased at an alarming rate, but the pricing of eggs has skyrocketed. And the rising price of eggs at Walmart, Costco, Aldi, and other stores in the US is putting a large dent in household budgets.


Americans could spend over $2 million on eggs in February


In February 2019, the average weekly price of a dozen eggs ranged from $1.02 to $1.33, for an average of $1.19 for the month. By the first week of February 2023, the US Department of Agriculture reports that the price of a dozen eggs nearly tripled to $3.13.

If Americans buy the same number of eggs this February that they have in each of the past four years — about 747,040 cartons, on average — spending on eggs alone will top $2.3 million this month.

Compare that to February 2019, when Americans spent a collective $848,000 (or nearly $1 million in today's dollars) buying the same number of eggs. On average, between 2019 and 2022, Americans spent $962,000 on eggs each February.


Why has the price of eggs skyrocketed?


Pandemic-driven inflation and an avian flu outbreak that crushed the national egg inventory pushed egg prices to record highs last year. The shortage means that fewer eggs are on the shelves now, however, so Americans may not be able to buy the same volume of eggs that they have in recent years.

The USDA hasn't published data on egg purchase volume, which is typically released weekly, since December 19. Nonetheless, egg spending this month could eclipse averages in the last four years, if only for the fact that prices have climbed so steeply.

The USDA doesn't share data on how much grocers charge for a dozen eggs, so we used wholesale prices in our calculations. But stores are known to mark up prices to generate a profit, which means shoppers are likely paying even more than the prices cited here.


How egg spending has changed in recent weeks


Egg consumption has increased over time in US households as more people use them as a quick family meal and a main source of protein, according to a report from the USDA. Egg consumption peaked in 2019 at around 292 eggs per person per year. While it has declined slightly from that high, we're still eating a lot more eggs than we did a decade ago.

Egg prices are still much higher than past years, but prices have declined so far this year. The average price for a dozen eggs at the beginning of January was $5.25. By the end of the month, that same dozen eggs cost an average of $3.37. Americans bought an average of $883,000 worth of eggs in the month of January, looking at the years from 2019 to 2022.

Comments

Oh ya 1 year ago
Lets ask what the 2 biggest reasons for the increase is. 1 bill the devil gates has come out with artificial eggs to go along with the crickets they want you to eat including the chitin and 2 they have found that something in the yoke kills covid. Its time the American public realizes that your goverment wants you dead. They can not afford the unfunded liabilities that you are costing them. Why else would they light a train full of chemicals on fire in Ohio causing the worst pollution hazard in the history of the USA. The EPA says everything is ok yet horses, dogs, cats, chickens, fish and frogs are dying in the area but they want you to return to your house there. Wake up folks

Newsletter

Related Articles

PanamaTimes
0:00
0:00
Close
Apple warns against drying iPhones with rice
In a recent High Court hearing, the U.S. argued that Julian Assange endangered lives by releasing classified information.
Global Law Enforcement Dismantles Lockbit Ransomware Operation
Russian opposition leader Alexey Navalny has died at the Arctic prison colony
The President of Argentina Javier Mile does not fly private, he flies commercial, with the citizens he represents. And they LOVE him for it.
Bitcoin Reaches $50,000 for First Time in Over Two Years
Belo Horizonte: Brazil's Rising Carnival Hotspot for 2024
In El Salvador, the 'Trump of Latin America' stuns the world with a speech slamming woke policing after winning a landslide election
Tucker’s interview with Putin is over 50M views on X within the first 5 hours.
Finnish Airline, Finnair, is voluntarily weighing passengers to better estimate flight cargo weight
President Nayib Bukele has proudly announced El Salvador's remarkable achievement of becoming the safest nation in the Western Hemisphere.
Former Chilean President Sebastian Piñera Dies in Helicopter Crash
This farmer seems to understand science a bit more than the event organizer, Klaus Schwab.
Facebook turns 20: From Mark Zuckerberg's dormitory to a $1trn company
The Coolest Dictator in the World" on the Path to Victory in El Salvador
Macron, France and fake news
Indian-Origin Man 'King' Arrested For Smuggling $16 Million Drugs Into US
Can someone teach Americans that not every person with slanted eyes is Chinese?
Europe's Farmers Feeding the People, Protesting Against Politicians Who Do Nothing for Their Country and Serve Only Themselves at Taxpayers' Expense
Paris Restaurant That Inspired 'Ratatouille' Loses $1.6 Million Worth Of Wine
Brazilian Police Investigate Bolsonaro's Son for Alleged Illegal Spying
Police in Brazil Raid Residence of Bolsonaro Associate Over Allegations of Illegal Spying
Border Dispute Escalates as Texas Governor Vows Increased Razor Wire
OpenAI Enhances ChatGPT-4 Model, Potentially Addressing AI "Laziness" Issue
The NSA finally acknowledges spying on Americans by acquiring sensitive data
Report Reveals Toxic Telegram Group Generating X-Rated AI-Generated Fake Images of Taylor Swift
US Border Patrol States 'No Plans' to Remove Razor Wire Installed in Texas
Bitcoin Experiences Approximately 20% Decline in Value
Klaus Schwab recently appointed himself as the Earth's "trustee of the future."
DeSantis Drops Out, Endorses Trump.
Nikki Haley said former President Trump is "just not at the same level" of mental fitness as he was while president in 2016.
Residents of a southern Mexican town set the government palace on fire in response to the police killing of a young man
Samsung Launches AI-Driven Galaxy S24, Ushering in New Smartphone Era
Judge Questions SEC's Regulatory Overreach in Coinbase Lawsuit
The Ecuador prosecutor who was investigating the television studio attack, has been assassinated.
Is artificial intelligence the solution to cyber security threats?
Vivek Ramaswamy suspends his US election campaign and endorses Trump.
Viral Satire: A Staged Satirical Clip Mistaken as Real Footage from the 2024 World Economic Forum in Davos
The AI Revolution in the Workforce: CEOs at Davos Predict Major Job Cuts in 2024
Ecuador Reports 178 Hostages in Prison Gang Standoff
The Startling Cuban Espionage Case That Has Rattled the US Government
Two Armed Men in Ecuador, Dressed as Batman and The Joker Storm the Streets.
Armed Gang Raids Ecuadorian TV Station Following State of Emergency Declaration
Anti-Democratic Canada: Journalist Arrested for Questioning Canadian Finance Minister on Support of Terrorist Group
Ecuador's 'Most-Wanted' Criminal Vanishes from Prison
Mexican Cartel Supplied Wi-Fi to Locals Under Threat of Fatal Consequences for Non-Compliance
Border Surge Leads to Over 11,000 Migrants Waiting in Northern Mexico
Outsider Candidates Triumph in Latin American Elections
As Argentina Goes to the Polls, Will the Proposal to Replace the Peso with the Dollar Secure Votes?
Fatal Shark Attack Claims Life of Boston Woman Paddleboarding Near Bahamas Resort, According to Police
×