Eggs are proven on the market at a grocery retailer in Manhattan in New York on February 25, 2025.
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The US Division of Justice has opened an investigation into potential antitrust issues associated to the rising worth of eggs, The Wall Street Journal He reported on Friday, citing folks accustomed to the query.
The investigation, which is in its early levels, features a take a look at whether or not giant egg producers labored collectively to lift costs or scale back provide, the report stated.
The information comes when the worth of the eggs has grown, which induced some eating places to announce adjustments to the menu and grocery shops with empty cabinets. For instance, Danny introduced final month that she was passing collectively increasing cost of eggs to prospects within the type of additional cost.
Within the final shopper costs index, the Bureau of Labor Statistics Bureau present the worth of eggs 53% of the yearS On a seasonally adjusted foundation, the worth of eggs elevated by 15.2% solely between December and January. This marks the biggest enhance within the egg index since June 2015.
The rise in costs appears to be at the very least partly because of the outbreak of chicken flu, which induced egg producers to gather their populations. Nevertheless, an advocacy group Farm action He despatched a letter final month to the DOJ and federal commerce committee, calling for an investigation into different causes.
CNBC didn’t verify, although this investigation continues. The Ministry of Justice didn’t instantly reply to CNBC’s request for remark.
