If you bought a carton of eggs recently, you may have been bowled over by sticker shock.The consumer price index for eggs is up 34.7% from a year ago, according to the Bureau of Labor Statistics. In January, a dozen Grade A large eggs cost $2.18, up from $1.55 in 2007.
The average retail price of eggs in 2007 climbed 28.3% to $1.68 a dozen, from $1.31 in 2006.
All food prices are up, thanks to higher commodity prices and increased energy costs. But eggs rose more than any other food category last year because they're more closely tied to farm and wholesale prices, says Ephraim Leibtag, an economist at the U.S. Department of Agriculture's Economic Research Service.
Read More
