Bird Flu Outbreak at Top Egg Producer Sparks New Egg Price Inflation Worries
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A bird flu outbreak at a Cal-Maine facility has prompted new concerns about rising egg prices ("eggflation").
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1.6% of Cal-Maine's hen flock (684,000 hens) has been impacted, leading to facility closure.
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Egg prices had fallen over the past year as producers rebuilt flocks, but this could reverse that.
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Even though overall inflation is moderating, food inflation remains sticky.
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Consumers care most about grocery and gas prices, so rising egg prices could impact consumer spending.