Food prices are rising across the U. Ersus., but the latest sticker shock at the supermarket is in the particular eggs and pouy aisles, as the fatal bird flu wreaks havoc on the country’s egg-laying hen flock.
Inflation data tracked by the Oughout. S. Bureau of Labour Statistics found a dozen associated with eggs jumped 23% in April compared with the month before to $2. fifty two. Prices reached levels not really seen since early 2016, a period that followed the highly pathogenic avian influenza outbreak of 2014-15, which led to a 50% increase in egg prices in the 2nd half of 2015.
Given that January, the outbreak has spread to 32 states , killing a lot more than 37 million chickens and turkeys. Of that, 29 mil egg-laying hens have died, or about 10% of the U. S. ‘ complete flock of 300 million. Bloomberg says the bird flu will be “ shaping up to be the worst outbreak of its kind. ”
“ When the outbreaks first started, the jump in wholesale values was being driven primarily by demand, as there was clearly a bit of panic and short covering going on in the marketplace. Yet at this point, a lot production has been removed from the landscape that it’s more of the supply-side issue , ” Karyn Rispoli, an ovum market reporter at product research firm Urner Craig, told CBS News.
Breakfast has become the most expensive in years. It’s not just eggs, orange juice and wheat prices are also soaring.
Ovum prices could be headed increased as there are no indications the avian influenza spread is under control. This is just another sign that food shortages could get much worse in the second half of the year .