Donald Trump wasn’t completely mendacity about egg costs. CPI report exhibits huge drop
Could 13, 2025 11:26 PM IST
The Shopper Worth Index (CPI) report confirmed a drastic fall in egg costs final month
President Donald Trump’s claims about dropping egg costs won’t have been utterly deceptive. The Shopper Worth Index (CPI) report printed by the US Bureau of Labor Statistics confirmed an enormous decline in egg costs in April, at a whopping 12.7%. That is the most important month-to-month decline since 1984.
Not simply April, egg costs proceed to fall this month, too. The USDA not too long ago reported {that a} dozen giant white-shell eggs now price $3.30 on common, down by 69 cents a fortnight in the past.
The CPI report comes after 5 months of a surge in egg costs, due to the avian flu epidemic that necessitated the mass killing of hens. Nevertheless, egg costs are nonetheless increased now than earlier than the flu outbreak. However consultants imagine the worst of ‘EggGate’ has handed.
Learn Extra: April CPI report: What’s precisely within the newest inflation report – explaining key numbers
“Possibly the worst of EggGate has handed,” Tyler Schipper, affiliate professor in economics and information evaluation on the College of St Thomas in St. Paul, instructed CNN.
Solely earlier this month, Trump claimed that grocery and fuel costs are falling. “We’re solely in a TRANSITION STAGE, simply getting began!!!” he posted on Reality Social.
Again then, economists instructed ABC Information that his claims have been deceptive. Final month, the president reacted to egg costs whereas talking at a presser after Dr Mehmet Oz was sworn in because the administrator of the Facilities for Medicare and Medicaid Companies.
“You may have all of the eggs you need. We now have too many eggs. In reality, if something, the costs are getting too low. So I simply need to let you already know that the costs are down,” Trump stated.
Chook flu has killed greater than 169 million birds since early 2022. Any time a chook will get sick, your complete flock is killed to assist maintain chook flu from spreading. As soon as a flock is slaughtered, it may take so long as a 12 months to scrub a farm and lift new birds to egg-laying age.
(With AP inputs)
