Inflation, explained by eggsThere’s a lot of chatter around exactly why inflation is relatively high, not only in the United States but globally. Some people blame the pandemic, others the supply chain, others government spending, others corporate greed. The truth of the matter is that there is a mix of factors in play, and there’s no one simple answer to how we got here — or solution to how to get out of this. To the average person, the whole thing can feel confusing. So we figured we’d take a crack at it by deciphering the case of the egg.
https://www.vox.com/the-goods/2022/3/2/22956966/inflation-explained-by-eggsAs Marc Dresner, director of integrated communications at the American Egg Board, put it, “It’s not like we have eggs sitting in tankers off the coast of Los Angeles.” But still, the egg industry, like every industry, is facing higher prices and challenges that are leading to costlier eggs for consumers overall.
A fun fact: In the ‘60s, amid concerns about inflation and rising prices, President Lyndon Johnson asked the US surgeon general to put out an alert about cholesterol in eggs, apparently trying to curb demand. It didn’t really help, because prices were up among a bunch of items, not just a few — which is also the scenario we find ourselves in now.
