Egg prices hit record highs in the latest Consumer Price Index (CPI) report, alongside increases in the average prices in other staple food categories. The increase comes as retailers continue to brace for the effects of President Donald Trump’s global 10-percent tariff rate — which remains in effect despite a 90-day pause on more stringent penalties.
The CPI for March was generally positive, but while inflation slowed and overall consumer prices fell by fractions last month, celebrations over the month’s better-than-expected pricing have been tempered because of Trump’s tariffs, which could wipe out gains as producers and retailers react to increased costs of imports from around the globe.
According to the Bureau of Labor Statistics, which produces the CPI, “The food at home index rose 0.5 percent over the month as four of the six major grocery store food…
