(CNBC) – The surge in egg prices has stood out in a year when Americans saw their bills balloon across the grocery store.
Average egg prices jumped 49.1% in November compared with those a year earlier — the largest annual percentage increase among all grocery items in that period, according to the consumer price index, a barometer of inflation. By comparison, the overarching “food at home” category was up 12%.
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The increase is even more acute when measured by the cost of a dozen large, Grade A eggs, which more than doubled to $3.59 in November from $1.72 the year-earlier month, according to data from the Federal Reserve Bank of St. Louis.