Egg prices rise to all-time highs ahead of Easter
The big picture: President Trump claimed credit last month for a drop in wholesale egg prices as bird flu outbreaks that forced producers to cull millions of chickens and led to shortages waned and his administration moved to tackle higher prices by boosting egg imports.
However, consumers don't typically immediately see wholesale price drops reflected at the grocery store, per Axios' Kelly Tyko and Nathan Bomey.
And eggs are in high demand over the Jewish holiday of Passover, which starts Saturday, and Easter, held on April 20 this year. That can drive prices higher.
By the numbers: The price for a dozen grade A large eggs increased from $5.90 in February to $6.23, per the BLS. In January, it was $4.95 a dozen.
Wholesale egg prices have fallen from an average of $6.55 per dozen on Jan. 24 to $3.26 last Friday, per Agriculture Department data.
Between the lines: "Retailers get to choose their own price, and they took a lot of losses when prices were exceptionally high," said University of Arkansas agricultural economist Jada Thompson in a blog post this week.
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