FACT CHECK: Are egg prices really going down? Here’s what we found
KANSAS CITY, Mo. (KCTV) - A bit of good economic news: last month, inflation rose 2.8 percent on an annual basis. That’s a little lower than economists had expected.
And lower than the 3 percent on an annual basis in January.
But still, the price of eggs has everyone talking. So we did a fact check.
On Tuesday, the White House posted on “X, ”claiming egg prices plunged nearly $2 a dozen.
That was true. The U.S. Department of Agriculture showed the average cost of a dozen eggs is down.
On Tuesday, a dozen was $5.51. Great news following an all-time high of $8.17 a few weeks earlier.
But the Consumer Price Index report released Wednesday showed egg prices were a leading driver in the increase in food inflation. The cost of eggs jumped 58.8 percent from a year ago.
As we head into Easter and Passover, when eggs are in high demand, the USDA reports that egg shortages are easing a bit, and that could help with prices.
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