The cost of eggs stood out in Thursday’s CPI report — rising 59.9% year-over-year and 11.1% month-over-month from November to December.
This marked the largest monthly increase since April 2020 and the largest annual jump since September 1973, according to Steve Reed, an economist at the Bureau of Labor Statistics (BLS).
Eggs, he said, single-handedly brought up the cost of groceries in December, which rose 0.2% month-over-month. “If you sort of removed eggs, if you took eggs out of [the…
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