Bird Flu Causes Egg Prices to Skyrocket

7271305936_095e8d5dc3_zThe average weekly price of large eggs has more than doubled in the last month thanks to the bird flu epidemic.

When supply declines and demand remains relatively stable, prices rise—that is basic economic theory. When egg supplies are dramatically reduced, wholesale prices of eggs spike higher—that is reality.

The U.S. Department of Labor said in its May report on producer prices earlier Friday that the price of eggs for fresh use had shot up a seasonally-adjusted 42.9% in the latest month.

Find out more at Market Watch.

Photo courtesy of: Amy Ross