Egg Prices Drop by Most Since 1951 as Frozen Juice Soars by Record
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2023-06-13 21:46
Egg prices tumbled in May by the most since 1951 as US output continued to rebound from the

Egg prices tumbled in May by the most since 1951 as US output continued to rebound from the worst-ever outbreak of avian influenza that killed millions of birds.

Cheaper eggs came as meat and dairy prices also eased, helping to slow the rate of food inflation to 0.2% for the month from April, according to US Labor Department data released Tuesday. Overall, easing US inflation is supporting the case for the Federal Reserve to pause interest-rate hikes later this week.

Still, volatile weather continued to hit some food categories. Prices for frozen noncarbonated juices and drinks jumped 7.4% — the most ever — amid a disappointing US orange harvest.

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