As the old saying goes: Bad things come in threes. For instance, we have Joe Biden's presidency, massive inflation, and now... a very nasty bird flu:
Egg prices are skyrocketing in new US inflation data, pushed up by a deadly bird flu that's killed almost 10% of the country's hens, adding to already rising food costs.
A dozen eggs at grocery stores cost 23% more in April than in March, at $2.52. That's the biggest increase among consumer products tracked by the US Bureau of Labor Statistics, in a report released Wednesday.
The bird flu is no joke at all:
The jump comes as a highly infectious avian influenza sweeps through the nation, killing more than 37 million chickens and turkeys in what's shaping up to be the worst outbreak of its kind. Of that, nearly 29 million egg-laying hens have died, which compares to the U.S.'s total flock of over 300 million.
What that means in economic terms is that those dozen eggs in your fridge are probably about to become quite a bit more valuable than they were even just a few days ago.
What it means in practical terms: When you're making those huevos rancheros, for goodness's sake be careful with that shell!
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