Earlier this week, we reported that the price of a dozen eggs, which had reached a record high of $8.17 in early March, had fallen by more than two dollars, now sitting well below the $7 average when President Trump took office in January. As I pointed out at the time, this was bad news for Democrats, who had hoped that sky-high egg prices would be the silver bullet to drive down Trump’s approval ratings and fuel a Democratic resurgence. But with egg prices continuing to drop, the left-wing media has now stepped in to claim that egg prices are still on the rise.
According to Trading Economics, the price of a dozen eggs is now below $5/dozen, lower than they were around Christmastime last year. But the mainstream media doesn’t want you to know that.
Reporting on the declining rate of inflation in February, ABC News didn’t report on the latest egg prices. Instead, the network declared, “Egg prices, however, a closely watched symbol of price increases, soared 58.8% in February compared to a year ago, accelerating from the previous month.”
They weren’t alone.
“Egg Prices Are Still Surging, Hitting Consumers’ Wallets,” the New York Times claimed in a headline on Wednesday, even though egg prices were actually declining.
“Egg prices continued their upward climb in February despite some easing in overall inflation, further straining consumers seeking relief from rising prices in the grocery aisles,” the article noted, completely ignoring the sharp decline in March.
MarketWatch was no better.
The cost of eggs jumped a little more than 10% in February after a 15% increase in January — and prices are likely to remain high for a while.
The surge in egg prices stems from outbreaks of the avian flu that have resulted in millions of chickens being slaughtered. It takes at least several months for egg-laying chickens to repopulate.
Not only that, but Easter is just around the corner. It’s the biggest egg-selling period of the year and is likely to keep upward pressure on egg prices given the increased demand.
The Trump administration has announced its intention to lower the cost of eggs, but the effort is just getting under way, and it’s unclear whether and how it will work.
Yahoo! Finance also ignored the recent data to cover up the sharp decline in egg prices.
Hellbound and Down 