Dollar Tree pulled eggs from its shelves with prices up nearly 60% since the fall. The news comes as people struggle to make ends meet in President Joe Biden’s economy (D).
The chain, which is increasingly becoming a grocery destination for cash-strapped shoppers, has nearly 8,000 Dollar Tree stores across the US and Canada. It doesn’t expect to be able to return the eggs to its stores for sale until later this year, a spokesperson said. autumn. mentioned Tuesday.
Eggs averaged $5 a dozen during the first month of this year, and the price hike was due to the global outbreak of bird flu.
– New York Post (@nypost) March 20, 2023
A social media user comments on the news booksWe’re going to have to rename it the $5 tree at this rate.
Meanwhile, consumer pricing data from the government reportedly said egg prices fell 6.7 percent last month.
“Our base price point on Dollar Tree is $1.25. The cost of eggs is very high right now,” company spokesperson Randy Geller said. Tell told reporters, adding the store would start selling eggs again when “costs are more in line with historical levels,” he said Washington Examiner.
Joe Biden: “The main driver of food prices” is packaged goods
The outlet noted that the price of eggs may jump again in April due to the Easter holiday.
In February, Breitbart News reported that data showed egg prices rose 70% in January:
With many consumer groups still hit hard by inflation, new data from the Bureau of Labor Statistics on Tuesday revealed that white inflation jumped 8.5 percent from December to January and a total of 70.1 percent year-over-year (since last January).
Besides the high prices of eggs like the rest of the food products, CNBC indicated that the high prices of eggs are largely due to the outbreak of deadly bird flu in the United States, and CNBC also indicated that the disease, a highly contagious bird flu, has killed a record number of birds Throughout 2022 and continuing into this year – which also coincided with the winter break as the demand for eggs increases in all cooking and baking seasons.
when Requested In January, if customers were upset about the high cost of eggs, Morton Williams supermarket manager Danny Cowan told Inside Edition, “I think they’re worried.”
The outlet said Elaine’s NYC cheesecake was also hitting on the issue because eggs are a staple of her offering. According to one employee, the company uses thousands of eggs on an average day:
She said there are things they can do to save and fall short, but they wouldn’t resort to those choices because it would have an impact on their product.
“We’ve raised our prices a little bit,” she explained. The outlet noted that since 2022, the average cost of a dozen eggs has increased from $1.47 to $3.60, according to the outlet’s January report.
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