Egg Prices Dip From Recent Highs But Remain Double Pre-Pandemic Levels As Holiday Baking Commences

Egg prices remain high compared to pre-pandemic levels, averaging around $2.99 per dozen in February according to Federal Reserve data. Prices have dropped from a peak in January but are still nearly double early 2021 costs.

Wholesale egg prices are trending downward, with USDA reporting a 33% drop since February and 25% year-over-year decline. Supply issues like bird flu outbreaks still constrain supply.

Billions of eggs will be consumed over Easter as they remain a staple holiday tradition. Overall Easter spending expected to drop over $1.5 billion compared to 2022.

Cocoa prices have quadrupled over the past year, surging to all-time highs over $10,000 per metric ton recently. This has contributed to chocolate and candy prices increasing nearly 40% since 2013.

While inflation has eased from 40-year highs reached last summer, overall price levels are not expected to decline substantially. Prices for everyday essentials remain well above pre-pandemic levels.