WASHINGTON – A recent report indicates that rising egg prices are being driven by companies price-gouging consumers.
According to data from the United States Department of Agriculture, egg prices have nearly doubled in the last six weeks, with a dozen eggs now costing an average of around $8.
While the bird flu has been cited as a significant factor in the price increase, a watchdog report from Food and Water Watch suggests that the bird flu has only “slightly reduced” egg production.
The report further states that “corporate greed has also played a major role” in the rising costs.
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