Inflation Is Not Risen - It's The Cheapest Easter "Since Lehman"

Tyler Durden's picture

As christians remember the fall and rise of Jesus, there is another - perhaps more important to many - rising-and-falling thing to celebrate: Egg prices are the cheapest for Easter since at least 2008...

 

While pork prices are soaring in China; in America, egg prices are tumbling...

 

Just in time for Easter...(cheapest Easter for eggs since at least 2008)

 

As Bloomberg notes,

Wholesale prices at stores in the U.S. Midwest have averaged $1 a dozen since mid-February, or more than 60 percent below the all-time highs seen in mid-2015, when a record bird-flu outbreak led to the death of millions of hens.

 

The egg industry “continues to rebuild,” and output is forecast to rebound by about 4 percent in 2016, the U.S. Department of Agriculture said March 9.

Happy Easter everyone.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
The Saint's picture

Eggs are the perfect food.

wee-weed up's picture

"Inflation is Not Risen"...

Is that you, Janet?

holgerdanske's picture

If you believe easter eggs come from easter bunnies, I guess you will believe anything! :-)

try_it's picture

I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... www.wallstreet34.com

hotrod's picture

Isn't milk and eggs Govt. subsidized in the farm bill???

  Showed this to my family the other day.  Wife uses Purex crystals in laundry.  Went to store to buy it. They had 10 bottles on the shelf one of them was and older bottle with 28oz.  New bottles had 24oz.  That is huge inflation in size and we ALL know about inflation in lesser quality/contents.  Everything is more expensive except electronics.  Go to Disney World see now much that sets you back.  We all insurance of all kinds, rents, tuitions, eating out etc etc.  All of it is higher.  Check out the price on new boats!!!!!!!

Cognitive Dissonance's picture

Inflation in what we need, deflation in what we want. Though I am certain I could find millions of people who claim they NEED that 60 inch OLED flat screen TeeVee.

Ms. Erable's picture

Yup. And while hamburger might be slightly cheaper than this time last year ($3.50 vs. 3.75/lb.), ribeyes are still $10/lb (as opposed to $4/lb. in 2010).

is it now passe to say "Fuck You, Bernanke", or are we still good with this one?

HRH of Aquitaine's picture

Same thing in my area. Went to buy TP and the size I used to buy was replaced. The rolls were fatter but the price? Doubled.

This article doesn't mention how much organic eggs cost. I paid $4 for a dozen.

css1971's picture

 

the fall and rise of Jesus

What on earth does Easter have to do with Jesus? Easter is a pagan celebration of spring. This year the sun god conclusively defeated the gods of the underworld on the 20th March.

Budnacho's picture

The Chinese will just Print some Plastic Eggs up in their 3D machines...

Cognitive Dissonance's picture

Yeah....but the chicken is twice the 2008 price. And so is the bunny.

saveUSsavers's picture

WTF? eggs $3.79 here in Calif $1.00? NO FKING WAY unless market sits on chicken ranch in Arkansas

matermaker's picture

I'm about 25 miles from Walmart HQ in Bentonville.  Granted, I grow my own chickens and eggs.  But unless the price has fallen about 60% in the last three weeks, the author of this article is on crack.

matermaker's picture

USDA market report from 6 days ago.   "price to consumers in the NY metro area.."    'mostly' range is 2.49 to 2.99

 

But yes, they are getting them wholesale at about a dollar.  https://www.ams.usda.gov/mnreports/pybshellegg.pdf

Roanman's picture

Yeah, that's real nice, eggs.

Has the cost of a trip to the hospital, or a college education risen since Lehman?

Fuck Bloomberg, both the entity and the individual.

redc1c4's picture

not here in #Failifornia: egg prices went way up, and availability way down after the idiots here voted to mandate that egg producers had to allow a lot more room per birds than what was the industry standard practice...

because we're st00pid that way.  same reason they brought Moonbeam basak as governor, after he screwed up the state back in the 70's.

Ignorance is bliss's picture

Maybe you're correct, but I've seen some of the big AG farm practices and to be honest they need to be fixed. There is a difference between agricultural use and cruelty to animals. Many unscrupulous farms put animals under extreme duress and that's not right either.

OverTheHedge's picture

To be fair to the producers, the system dictates that maximum efficiency, not snuggly beds and cocoa at bedtime for the animals is the only way to survive. Your wholesale price is NOT the price the producer is getting; I don't know how much it is in the US, but I would be astonished if it is above the cost of production. The producer runs at a loss, but survives on govt subsidies. Crazy system the (developed) world over.

Those big fat chickens you buy on sale at Wal-Mart for cheep (sorry)? Farmer gets one or two cents per bird. How much do you pay?

Food production is completely fubar. Pretty much everywhere.

Volkodav's picture

Moscow price today $1 or 70 rubl eggs (12)

 

Ignorance is bliss's picture

A dozen organic eggs costs 5 bucks, yeah..inflation is under control if you don't buy eggs.

Cheduba's picture

Or eat anything with eggs as an ingredient...

HRH of Aquitaine's picture

Yes. Good luck buying organic or free range eggs for less than $4 a dozen.

Yen Cross's picture

  Eggs in Cali are insanely expensive, after Moonbeam passed that caged chicken bill about a year ago.

coast's picture

....BLS prices on eggs.......http://data.bls.gov/timeseries/APU0000708111?data_tool=XGtable

 

additional comment.....eggs were extremely expensive just 4-6 months ago....I wonder why the prices have gone down recently?   what changed?  If supply and demand then it means people are not buying eggs?  Have there been government subsidies?  Are they raising chickens in sardine cans?  hmmmmmm

ItsDanger's picture

Where I live, eggs have steadily gone up.  I call BS

gatorengineer's picture

Family of 5 here, 2 kids 3 adults...  We spend north of $200 a week on groceries and we do not eat high end stuff.  We coupon, costco/ bjs etc, and 200 is hard to hold if you eat, eggs, yogurt, fruit, and fresh veggies.

White Mountains's picture

There is ALOT of stealth inflation this last decade....products on average are much shoddier constructed using shoddier materials - so many items I purchase lately break down within a few uses if they even work at all right out of the box.  Sizes of containers for everthing from soap to cereal have been steadily shrinking too.  I don't think Walmart can sell t-shirts that are any thinner without them floating away. This is inflation just as much as a rise in price is.

Sure, crap factory Walmart eggs are cheaper in price than farm fresh free range organic eggs BUT you get what you pay for.  As they say "Garbage in, Garbage out".  Take a gander at your typical Walmart shopper compared to small family farm raised kids.

Chickens crammed into cages so they can't move VS chickens with plenty of space to roam in the barnyard catching insects and rooting in the compost pile,  Which give the higher quality heathiest eggs?

Bu...bu...Walmart eggs are cheaper! I go straight for the cheapest prices! Dolts.

Thoreau's picture

Complete BS. Go to your local WallyWorld and check it out... or better yet, ACTUALLY GO SHOPPING. Hope this isn't Tyler's work.

Arnold's picture

Large, $ 1.25 per dozen at the corner Quickie Mart.

By far the cheapest in town.

NoWayJose's picture

Bought a dozen at Target for 99 cents! Down over $1.00 a dozen. But it did cost me over $5.00 more per tank of gas just to get to Target and back...

adr's picture

A small sample of inflation

IN 2009 where I live:

  • Milk $1.89 a gallon
  • Eggs $1.29 a dozen
  • Butter $1.49 for 4 sticks
  • Ground Beef $2.50 lb
  • Big Mac Meal $3.89
  • Taco Bell Taco $.79
  • Star Wars 9 Point articulated figure $5.99
  • Transformer Deluxe Toy $8.99
  • Electricity $.12 per kWh
  • Propery Tax $1920 per year

In 2016:

  • Milk $3.25
  • Eggs $3.99
  • Butter $4.50 4 sticks
  • Ground Beef $4.79 lb
  • Big Mac Meal $7.79
  • Taco Bell Taco $1.69
  • Star Wars 4 point articulated figure that is a piece of shit $8.99
  • Transformers Deluxe Toy $16.99
  • Electricity $.29 per kWh
  • Property Tax $3800 per year
Stlouiemike's picture

Your forgetting one of the most overlooked increases out there, sales tax, my dad asked me to get him a filet of fish from McDonalds when I went to town Saturday.  The fish was $2.69 the bill was $2.95 $.26 for sales tax or 9.67% almost double the 5% rate in 2009.  This in rural Southern Illinois, not exactly a large hospitality industry to support, I wonder where that extra hidden cash is going?