January’s inflation data came in hotter-than-expected Wednesday morning with the cost of groceries rising again, due in part to a jump in the price of eggs.
What To Know: The average price of a dozen eggs reached a record-high of $4.95 last month, rising 15.2% and contributing to a 0.5% increase in the cost of food at home.
Charlie Billelo, chief market strategist for Creative Planning, highlighted the 238% jump in the average price of a dozen eggs as the largest 4-year increase in history.
Full story available on Benzinga.com