Easter Eggs Haven't Been This Cheap in 10 Years
The average American eats 276 eggs each year.
Don’t get too egg-cited, but your Easter eggs haven’t been this cheap in 10 years.
One dozen large grade A eggs costs about $1.40 as of March, according to new data released Friday by the U.S. Bureau of Labor Statistics. That’s down 68 cents, or 32% from last year, and egg prices haven’t been this cheap since 2007.
The reason? Egg prices spiked in 2015 amid an avian flu outbreak. As Modern Farmer has noted, the outbreak disproportionately affected egg-laying hens, as opposed to broiler chickens. As a result, egg prices temporarily neared $3.00 a dozen.
Now the supply of eggs is back to normal, and prices have come down. That’s good news because the average American eats about 276 eggs a year, according to the American Egg Board.
“Without question, Easter is the egg holiday,” the lobbying group matter-of-factly claims.
Eggs are not the only groceries with cheaper sticker prices these days. Food prices declined through most of 2016 driven by lower fuel costs. Prices on white bread are down 6%, red delicious apples are down 15% and ground beef prices are down 9% from a year ago.
A broader measure of consumer prices, which includes clothing, housing and other categories, shows consumer prices fell in March by the largest amount in more than two years. The broad basket of goods measured by the Consumer Price Index fell 0.3% last month, the BLS reported Friday.
Overall, consumer prices are up 2.4% when compared to a year ago. Excluding food and energy, which are volatile categories, so-called “core” prices were up 2%.
This story originally appeared on Fortune.com.