Egg prices have reached record heights in the latest report on the consumer price index (IPC), as well as the increase in average prices in other categories of staple food. The increase comes as retailers continue to prepare for the effects of the rate of 10% worldwide by President Donald Trump – which remains in force despite a 90 -day break on stricter sanctions.
The IPC for Mars was generally positive, but although inflation has slowed down and that overall consumption prices dropped fractions last month, celebrations during the prices of the month that prices better than expected were tempered because of Trump’s prices, which could eliminate gains, producers and retailers react to the increased costs from the whole world.
According to the Bureau of Labor Statistics, which produces the IPC, “the home food index increased by 0.5% during the month, as four of the six main grocery stores have increased. Mainly led by an increase of 5.9% of the egg index, the meat index, poultry, fish and eggs increased by 1.3% in March. For dairy products and related products increased by 1.0%.
The average egg price reached a historic peak of $ 6.27, compared to $ 5.90 in February. In particular, the retail price of the eggs continued to increase despite a marked drop in wholesale prices for distributors. American poultry producers were struck by a series of bird flu epidemics that led to an unprecedented felling of herds and a national shortage of the basic grocery store.
The high price of eggs has become a hug for Trump and its campaign to browse Biden administration on the high price of consumer goods and persistent inflation. While egg prices continued to increase during the first months of its presidency, the Trump Ministry of Justice launched an investigation into the alleged prices fixing by retailers and has moved to facilitate the importation of eggs from other countries.
These imports can now be subject to – at least – 10% of prices.
Trump announced on Wednesday that he was allowing a 90 -day break on the implementation of mostly countries for most countries. China, the third trading partner in the United States, has been slapped with a 125%rate rate. After hours of initial confusion, the White House clarified that most countries would always be subject to a reference rate of 10% on all imported goods, and Canada and Mexico – the two largest commercial models – would be subject to additional penalties on goods not covered by the USMCA trade agreement.
While the financial markets celebrated what looked like a stay, American retailers are not convinced. Walmart, the largest retail company in the country, imports large expanses from its inventory from China. “We are a week in this new pricing environment, and we are still working on what it means for us,” said director John Rainey at an investor meeting on Wednesday. “The uncertainty and the decline in consumers’ feeling led to a little more weekly sales volatility and frankly day by day.”
