The latest example of inflation is the rising price of eggs. FOX Business reports:
In November, grocery prices increased 12% compared to a year ago, according to the Consumer Price Index. Egg prices, however, outpaced the overall index and showed the highest annual jump of all food categories, increasing 49.1% compared to a year ago.
CPI figures for December, which will be announced on Thursday, will offer greater insight into the elevated cost of eggs.
Still, the average cost for a dozen grade A eggs in November was $3.59, according to the Bureau of Labor Statistics. A year ago, the average cost for the same cartoon was $1.72, labor department data shows.
The uptick in costs is being blamed on soaring labor, fuel and feed costs combined with reoccurring outbreaks of bird flu that have disrupted production.
Also, more on the FAA debacle yesterday.