One reason: Shoppers responded to high egg prices by buying less. When prices were shooting up, “everybody and their brother had a story about what egg prices were doing,” said Amy Smith, vice president at Advanced Economic Solutions, a consulting firm. Retail egg prices have been declining at a more moderate clip. (On an annual basis, prices are still high: In the year through April, egg prices were 21.4% higher.) That’s because supermarkets and grocery stores set retail egg prices, and they don’t want customers to be scared away by wild swings.

Source: CNN May 17, 2023 00:13 UTC