Egg Prices Could Soon Go Up Even More In New Jersey: What’s Behind The Price Surge?
It's not something you want to hear when prices on just about everything, especially at the supermarket, are already through the roof.
Now you could soon be paying even more for eggs.
Unfortunately, for many, it's not something they can really cut from their shopping list.
There are certain items maybe you just won’t pay for anymore, like cereal which has become ridiculously expensive, or certain snacks, but eggs aren’t one of them.
They’re a staple.
According to Yahoo Finance, a dozen large Grade A eggs cost $3.65 on average in November, compared to $3.37 in October.
That's less than September's $3.82.
Grade A egg prices peaked at $4.82 a dozen in January 2023, according to CNBC.
What's Causing the Price of Eggs to Possibly Soar?
There are two reasons for the cost of eggs to go up.
First, the ongoing avian flu, and second, the holidays.
Read More: Why Your Cup Of Coffee Could Cost You Even More In New Jersey
According to the Yahoo Finance article,
The egg price increase since late 2023 is a combination of both expected seasonal price increases during the holidays (Christmas and Easter) and a disruption in egg supply due to the impact of the bird flu, Kevin Bergquist of Wells Fargo told Yahoo Finance.
The CNBC article talks about how millions of commercial egg layers have been killed by bird flu this year, citing data from the Centers for Disease Control and Prevention.
With demand soaring during the holidays, the price could soon climb, leaving many feeling the pinch.
Experts are hopeful, though, that after the holiday rush, prices will start to come down.
Items now too expensive for NJ so spend money on
Gallery Credit: Mike Brant