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.
Companies are making money, the economy is cooling down, and a rate cut or two possible by the fall? It might be time to break out the cautious optimism.
Fed Chair Jerome Powell reported that rates would likely remain elevated due to sticky inflation. Zillow breaks down how this could impact the housing market.
Amanda Chin, SVP of Marketing for the Golden State Warriors, stops by Cheddar to debut Valkyries name and logo and talks why women sports is good for business.
The return of ‘meme stocks’ don’t mean it’s time to panic about the stock market. If you want something to worry about… look no further than inflation.
Andela is revolutionizing global work for a sustainable future. Their impact includes diverse skills, income growth, & successful hiring in untapped locations.