Eggs are finally getting cheaper at the supermarket, according to the latest consumer price index released on Tuesday.
Egg prices fell nearly 7 percent in February from the month before. This is the first decline in months.
The cost of eggs is still up 55 percent from a year ago, as avian flu, supply chain snags, and egg producers' lining their own pockets pushed up prices.
Federal data tracked by the Federal Reserve Bank of St. Louis showed that a dozen large Grade A eggs cost $4.21 in February, which is down 13 percent from a record high in January.
The consumer price index overall increased 0.4 percent in February, a slight deceleration from the month before. Year-over-year inflation, meanwhile, was 6 percent.
Much like all the upheaval shaking the world, the huge swings rocking Wall Street may feel far from normal. But, for investing at least, this is normal.
Joe Cecela, Dream Exchange CEO, explains how they are aiming to form the first minority-controlled company to operate an exchange in U.S. history. Watch!
A Michigan judge is putting sponges in the hands of shoplifters and ordering them to wash cars in a Walmart parking lot when spring weather arrives. Genesee County Judge Jeffrey Clothier hopes the unusual form of community service discourages people from stealing from Walmart. The judge also wants to reward shoppers with free car washes. Clothier says he began ordering “Walmart wash” sentences this week for shoplifting at the store in Grand Blanc Township. He believes 75 to 100 people eventually will be ordered to wash cars this spring. Clothier says he will be washing cars alongside them when the time comes.
