Grocery Bills Still Strained as Egg and Milk Prices Remain High Post-Pandemic
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Grocery prices have surged over 21% since 2021, with eggs up 53% and milk up 13% from January 2021 to January 2024. Prices remain well above pre-pandemic levels.
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Inflation has eased from peaks in 2022 but prices for necessities like eggs and milk are still substantially higher than before the pandemic.
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Egg and milk producers cite pandemic supply chain issues, higher input costs for things like feed and labor, and general inflation as reasons prices have climbed.
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As supply issues stabilize, egg groups predict costs could come down, but price increases tend to stick at grocery stores even if producer costs decline.
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Milk industry expects feed prices to keep dropping, which could help lower milk prices, but general inflation continues to push up farm-to-retail costs.