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Egg Prices Hit Record Highs, New York Bodegas Get Creative And Sell Three Packs For $2.99
Gordon Haskett Maintains Costco(COST.US) With Buy Rating, Raises Target Price to $1,200
Americans Are Spoiling Their Pets. Buy This Gourmet Meal Maker's Stock. -- Barrons.com
Behind the "rocket-like" rise in egg prices in the USA: grocery stores are selling at a loss, and future impacts may be even more severe?
The situation may become even worse.
USA Consumer may be approaching spending limits, raising concerns about the future of the Retail Trade.
Wall Street is beginning to worry that consumers may be approaching their spending limits.
The egg shortage in the USA is worsening, with prices skyrocketing and supermarket shelves being completely empty.
The "big egg shortage" situation in the USA is worsening. Data released by the USA Bureau of Labor Statistics on Wednesday showed that millions of egg-laying hens have died due to Bird Flu, causing egg prices to rise by more than 15% in January compared to the previous month, marking the largest increase since 2015, with a year-on-year increase reaching 55%. This surge in prices has driven overall inflation in the USA to its largest rise since August 2023. Recommended reading: USA's January inflation exceeded expectations, reinforcing the Federal Reserve's rationale for maintaining its position, which further burdens consumers who have already been suffering from rising prices of everything from food to RBOB Gasoline. Grocery stores from New York to Chicago and Los Angeles have begun to impose purchase limits. Hu