Retail egg prices retreated in February, according to federal data issued Tuesday, delivering relief to consumers who saw prices spike at the grocery store in recent months.
Average egg prices fell almost 7% in February relative to January, according to the consumer price index, a key barometer of inflation.
A dozen large Grade A eggs cost $4.21 in February, down 13% from $4.82 in January, which was a record high, according to federal data tracked by the Federal Reserve Bank of St.
Louis. The monthly decline was the first since September. Consumer prices seem to be tracking trends in wholesale prices. Wholesale egg prices, the ones grocery stores and other retailers pay to egg suppliers,cratered in January and February.Read more on cnbc.com