Current:Home > ScamsEgg prices are hopping again this Easter. Is dyeing eggs worth the cost? -Capital Dream Guides
Egg prices are hopping again this Easter. Is dyeing eggs worth the cost?
View
Date:2025-04-18 12:21:37
Most Americans wait until the Holy Week to shop for Easter, but no matter how long you wait this year, eggs aren’t likely to go on sale for much less than they are now.
A dozen eggs are around $3 per dozen, on average, according to Federal Reserve data. That’s down from January 2023’s record $4.82, but still more than double the $1.45 average cost before the pandemic in February 2020.
Even if prices aren’t as eye-popping as they were last year, they might still be expensive enough to dissuade some people from dyeing a lot of eggs.
If you fall into this camp, USA TODAY has a list of eggless activities and decor to explore this Easter.
Others may continue to roll with tradition, though People for the Ethical Treatment of Animals is suggesting that the White House tweaks its annual Easter Egg Roll on Sunday and use potatoes instead of eggs.
Protect your assets: Best high-yield savings accounts of 2023
"Potatoes are cheaper and healthier than eggs and leave birds in peace," the nonprofit said in a recent news release.
How are people reacting this Easter to high egg prices?
Of the more than 500 consumers polled by research firm Numerator, 65% said they'll buy eggs to decorate and 21% said they plan to buy more than last year. However, 35% said they don't plan to buy eggs to decorate and 11% will buy fewer this year. Of those buying fewer eggs or none, 25% cited high prices as the deterrent.
Whether people will see egg prices as a relief or a hindrance to Easter celebrations depends on what you compare them to.
Numerator's survey showed 67% of respondents said price was the main consideration when buying eggs for dyeing or decorating, and whether you see the cost as reasonable or too high "depends upon when and where one establishes the benchmark,” said Joe Brusuelas, chief economist at consulting firm RSM US. “If it is four years ago, then the evaluation will tend to be not so good. ”
Or it can be relative to how other items at the grocery store are priced. “Eggs are still cheaper than meat,” said Christa Howard Roeh, a mom of three, in Chicago.
Even at $5 per dozen, you can eat two large eggs for dinner for about 85 cents, and they provide protein, omega-3, vitamins and other valuable nutrients, said Brian Moscogiuri, a global trade strategist at Eggs Unlimited, an egg supplier.
That's a bargain compared to the avocado his wife bought on sale for 75 cents, which she thought was inexpensive, he noted. Or even chocolate eggs, which are seeing a price spike this year due to sharply higher cocoa prices. One classic Cadbury creme egg costs more than $1.
“People just aren’t breaking it down to show where the value (of an egg) is,” Moscogiuri said.
Why are eggs so expensive?
Egg prices soared to about $4.82 per dozen in January 2023 after an avian flu outbreak.
Prices started to fall after avian flu subsided. Eggs dropped to about $3.27 a dozen by last Easter and got as low as $2.04 in August.
However, another outbreak last November sent prices higher again. Prices have risen over the past six months, with the average cost of a dozen eggs hitting $3 in February.
How did people react at Easter to last year's surge in egg prices?
In April 2023, a dozen eggs were $3.27, a record-high Easter price. This was a 27% increase from the year-ago period, according to Datasembly, which tracks grocery pricing data in real time.
Egg sales weakened during the two weeks before the holiday compared to the prior year. During those two weeks in 2023, egg sales only rose 20.5% above the 52-week average, retail data from retail data science company 84.51° showed. In 2022, egg sales spiked 35%.
What's the story behind Easter?A bunny, eggs and Jesus: How Easter became a holiday full of symbolism
Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at [email protected] and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday.
veryGood! (48536)
Related
- Sam Taylor
- Saudis, other oil giants announce surprise production cuts
- Maddie Ziegler Says Her Mom Apologized for Putting Her Through Dance Moms
- Lawmakers grilled TikTok CEO Chew for 5 hours in a high-stakes hearing about the app
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- Search for baby, toddler washed away in Pennsylvania flooding impeded by poor river conditions
- Producer sues Fox News, alleging she's being set up for blame in $1.6 billion suit
- The Biden Administration Takes Action on Toxic Coal Ash Waste, Targeting Leniency by the Trump EPA
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Intel co-founder and philanthropist Gordon Moore has died at 94
Ranking
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- After Fukushima, a Fundamental Renewable Energy Shift in Japan Never Happened. Could Global Climate Concerns Bring it Today?
- One winning ticket sold for $1.08 billion Powerball jackpot - in Los Angeles
- Jacksonville Jaguars assistant Kevin Maxen becomes first male coach in major U.S. pro league to come out as gay
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- The FDIC says First Citizens Bank will acquire Silicon Valley Bank
- NASCAR Addresses Jimmie Johnson Family Tragedy After In-Laws Die in Apparent Murder-Suicide
- Tony Bennett, Grammy-winning singer loved by generations, dies at age 96
Recommendation
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
NFL owners unanimously approve $6 billion sale of Washington Commanders
Discover These 16 Indiana Jones Gifts in This Treasure-Filled Guide
Fossil Fuel Companies Stand to Make Billions From Tax Break in Democrats’ Build Back Better Bill
Stamford Road collision sends motorcyclist flying; driver arrested
Oklahoma executes man who stabbed Tulsa woman to death after escaping from prison work center in 1995
AMC ditching plan to charge more for best movie theater seats
What happens to the body in extreme heat? Experts explain the heat wave's dangerous impact.