Taylor Swift says fans will ‘get on it’ to reduce egg prices. Here’s why costs are so high

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egg prices Have entered the consciousness of the era.

Comedian Trevor Noah told Taylor Swift at the Grammy Awards on Sunday that the popstar has “the best fans in the world,” later asking if they could help defray the high price of eggs.

“They’ll Get It,” Swift Said,

Unfortunately, the factors affecting egg prices at the grocery store are likely beyond “Swifty’s” control.

Here are three things to know about egg prices.

In December, the average consumer paid a record $4.25 for a dozen large Grade A eggs, according to the monthly US Bureau of Labor Statistics. statistics, The price more than doubled from $1.79 a year ago.

Egg prices rose faster than almost any other good or service in the US economy in 2022.

Bulk egg prices – basically, the price supermarket chains and other stores pay to gain their supply – is dropped significantly (over 50%) from its peak in mid-December.

There have been no new confirmed cases of bird flu at commercial table-egg farms since December, giving suppliers time to recover. Consumer demand has also declined as a kind of response against high prices, the US Department of Agriculture Said Last week.

It typically takes several weeks for price movements in the wholesale market to flow through the retail market to consumers.

But according to food economists, there are a number of reasons why retail prices may take longer to fall significantly – perhaps months. For one, demand typically peaks in the run up to Easter, which falls on April 9 this year.