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Price of half a dozen eggs has already skyrocketed 28% since January: Why?

The price of half a dozen eggs was 1.61 euros on January 1st and reached 2.06 euros on June 25th, marking a 27.95% increase or an additional 45 cents, according to data compiled by the Portuguese Association for Consumer Protection.

The most significant increase occurred in the first quarter, with the price rising by 27.3% from January to March 26th.

During this period, half a dozen eggs became 44 cents more expensive.

However, from the beginning of the year until March 12th, this price did not exceed 1.70 euros.

Between March 26th and April 16th, the price remained stable at 2.05 euros.

On April 23rd, it reached a peak of 2.07 euros, which was repeated on May 14th, June 11th, and June 18th.

In the second quarter, the price of a box containing half a dozen eggs increased by one cent, from 2.05 to 2.06 euros.

The reason behind the price increase

The rise in egg prices began in the United States due to a shortage of this food item, primarily driven by avian flu, which led to the culling of millions of chickens.

In early March, U.S. President Donald Trump accused his predecessor, Joe Biden, of leaving the country in an “economic catastrophe and an inflation nightmare,” including a lack of eggs in many supermarkets or extremely high prices.

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