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☆ Here's the inflation breakdown for January 2024 — in one chart
  + stars: | 2024-02-13 | by ( Greg Iacurci | ) www.cnbc.com   time to read: +5 min
The consumer price index, a key inflation gauge, rose 3.1% in January relative to a year earlier, the U.S. Labor Department said Tuesday. Where inflation was high in JanuaryCartons of orange juice on display in a grocery store in Los Angeles. Mario Tama | Getty ImagesDespite broad disinflation, there are specific categories where inflation remains relatively high. watch nowAdditionally, shelter inflation is up 6% in the last 12 months. Shelter is the largest component of the average household's budget, and stubbornly high inflation in the category has propped up overall inflation readings.
Persons: Spencer Platt, That's, Mark Zandi, it's, Zandi, J.P, Mario Tama, beefsteaks, Amy Smith, Smith Organizations: Getty, U.S . Labor Department, Moody's Analytics, Workers, Labor Department, Morgan's, Investment, Group, Consumer, University of Michigan, Finance Locations: Brooklyn, U.S, Los Angeles, Brazil, Florida
☆ Egg prices are crashing. Here’s why
  + stars: | 2023-05-15 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +5 min
One reason: Shoppers responded to high egg prices by buying less. When prices were shooting up, “everybody and their brother had a story about what egg prices were doing,” said Amy Smith, vice president at Advanced Economic Solutions, a consulting firm. Retail egg prices have been declining at a more moderate clip. (On an annual basis, prices are still high: In the year through April, egg prices were 21.4% higher.) That’s because supermarkets and grocery stores set retail egg prices, and they don’t want customers to be scared away by wild swings.
☆ The hidden price of eggs: How high costs may trickle into other foods
  + stars: | 2023-02-10 | by ( Greg Iacurci | ) www.cnbc.com   time to read: +3 min
The average price for all types of eggs ballooned 60% in 2022, according to the consumer price index. Higher egg prices are largely the result of a deadly outbreak of bird flu in the U.S., economists said. Since February 2022, bird flu killed more than 44 million hens in commercial table-egg-laying flocks, according to the U.S. Department of Agriculture. But there isn't a one-to-one relationship between higher egg prices — whether shelled or in another form — and the cost of other foods. In short: Eggs are one of many factors in inflated consumer food prices.
☆ Egg prices rose 60% in 2022. One farm group claims it's a 'collusive scheme' by suppliers
  + stars: | 2023-01-23 | by ( Greg Iacurci | ) www.cnbc.com   time to read: +5 min
These industry figures don't seem to square with a two- or three-digit percentage spike in egg prices last year, Farm Action claims. Bird flu's significant impact on hen supply has been the most notable driver, while egg demand has remained strong, Bowman said in a written statement. In this case, that means there's generally not a 1:1 relationship between egg or hen supply and egg prices. Amy Smith vice president at Advanced Economic SolutionsThe dynamic is largely due to a "compounding effect" of demand, Rubio said. Once a farm suffers a flu outbreak, it likely won't produce eggs again for at least six months, Rubio said.
☆ School lunch, eggs and airfare: Why inflation soared for 10 items in 2022
  + stars: | 2023-01-13 | by ( Greg Iacurci | ) www.cnbc.com   time to read: +6 min
Here's a look at the 10 items with the largest price gains, as measured by the annual inflation rate in December. Food at school: 305.2%The price of a meal at elementary and secondary schools spiked the most in 2022, by a whopping 305%. Overall food prices have been pressured on many fronts, too, funneling into school meals. Oil prices retreated in the second half of the year, though, as fears mounted of a possible recession and an accompanying weakness in oil demand. Monthly milk production among major suppliers fell each month from September 2021 to June 2022, according to the U.S. Department of Agriculture.
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