Spike in egg prices leads senator to call for price-gouging investigation

8 days ago Fox Business

Sen. Jack Reed on Monday called for the Federal Trade Commission to open an investigation into "potential price gouging and other deceptive practices" as egg prices have spiked. Egg prices in December climbed to $4.25 from $1.79 during the same period in 2021, a 138% increase, according to data from the Bureau of Labor Statistics. The spike in egg prices has been attributed to the millions of chickens that were slaughtered to limit the spread of bird flu and farmers having to compensate for inflation driving up their costs. US FARM GROUP CALLS FOR PROBE OF HIGH EGG PRICES"Consumers are used to seeing some volatility in the egg pricing market, but the current price spike in the industry’s favor warrants careful scrutiny. That’s almost double the $1.37 it was getting a year earlier, but still lower than the prices consumers are paying.
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