Easter prices are nearing historic highs as inflation and supply chain issues drive up the prices of holiday staples like eggs and chocolate.
The average price for 12 eggs is about $2.99. data Retrieved from the Federal Reserve by USA Today. Although this figure is lower than the average price of $4.82 that consumers paid last year, prices have been gradually increasing due in part to the impact of bird flu.
The outbreak of bird flu has a direct correlation with the rise and fall of egg prices. In 2022, consumers bore the brunt of record high inflation under the Biden administration, but egg prices remained markedly affected by the recession. January 2023 Influenza strain, KIRO7 report.
The store said that due to the recent outbreak that began in November, “prices have increased in subsequent months.”
The impact of the epidemic that lasted until December 11.4 million birdsAssociated Press report USDA data.
Other factors include rising chicken feed prices, weather, the coronavirus pandemic and the lingering lockdown, and even the Russia-Ukraine war, KIRO7 said.
The price of more festive eggs is also rising.of courier journal documented Soaring prices for Cadbury Creme Eggs, Kinder Joy Eggs, Reese’s Peanut Butter Eggs, and several other Easter candies.
In West African countries such as Nigeria, Ghana and Ivory Coast, “changes in weather are threatening the health and production of cocoa trees.” Most of the world’s cocoa supply comes from there.
Cocoa trees have been damaged by recent heavy rainfall, and the impending dry temperatures and winds of this year’s El Niño will make conditions even tougher for cocoa farmers.
