Why have egg prices skyrocketed in recent times? The pandemic and general inflation have played a significant role in this surge. The costs of chicken feed, labor, and transportation have all increased, resulting in higher egg prices.
With eggs becoming a luxury for many, people are questioning the reasons behind the steep rise in prices. Various factors are at play, such as the heightened demand, escalating production expenses, outbreaks of diseases affecting poultry, transportation costs, and shifts in consumer preferences. These elements collectively contribute to the current expensive egg market.
The term ‘Eggflation’ has been coined in the United States to describe this phenomenon. As consumers grapple with the financial impact of purchasing eggs, it is essential to explore the underlying causes driving these price hikes.
