By Daniel Kline
Source: The Street
You can’t turn on the news or look at any newsy area of the internet without hearing about inflation at the grocery store.
For a while, the narrative focused on the rising price of meat, and at various times the focus has been on staples like milk, paper towels, butter and other basics.
In recent weeks, the focus has been on eggs, where prices have actually skyrocketed, more than doubling to $4.25 a dozen in December 2022 from $1.72 in late 2020. That’s a real case where the price of a commodity has sharply jumped.