Tuesday, October 15, 2024

Beef and egg prices still rising


 Food prices continued to rise faster than the overall Consumer Price Index in September, led by beef, up by 9.2 per cent, eggs up by five per cent and fats and oils up by 7.8 per cent.


The food price index rose by 2.2 per cent while the Consumer Price Index came in at 1.6 per cent, the lowest increase since 2021.


The food price index has risen by 21.7 per cent in three years.


Gasoline prices were down by 10.7 per cent from a year ago.

                          

 Question: How does supply management for eggs lead to price increases greater than CPI?