| The Villages Democratic Club |
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| MONTHLY CONSUMER PRICE INDEX (CPI ) | |
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| Think of the annual calc as being 12 dominoes----when a new month comes on, the oldest month falls out. | |
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| CAUSES OF INFLATION TO SPIKE IN JUNE 2022 |
| Thanks to President Biden's efforts, inflation has dropped from its high of nearly 3 years ago as shown below |
| The listed causes of inflation were one time, non-recurring. ANNUAL CPI is now down to 2.7%. High inflation is a thing of the past. |
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| GAS PRICES in the US: Historical 1990-current | |
| Following the 2008 collapse of the US Economy, gas prices plunged. With Obama's recovery, gas prices increased and then fell in his 2nd term. Trump started with low gas prices but they increased and when COVID hit, gas prices plunged again. |
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Gas prices are now lower than they were when Russia attacked Ukraine. |
| EGG PRICES in the US: Historical 1980-current | |
| Eggs represent a lower portion of consumer monthly expenditures than gasoline but consumers focus on egg prices and there is a WIDE variation of egg prices based on Country, State and Grocery stores in a single location. | |
| The time period below is nearly 45 years and even with very low inflation, prices will rise and the line starts to be become curve-linear due do to time compounding. | |
| Egg prices have incurred 2 spikes over the past 10 years both dealing with the deadly Avian Flu. Egg production is conducted in large industrial settings which leave it vulnerable to the rapid spread of the Avian Flu. In addition, there are relatively few suppliers of eggs. | |
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Due to inhumane conditions that egg laying chickens are kept in, there is public pressure to change this and go with cage free egg raising.
This more humane method costs more and hence prices are rising.
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| EGG PRICES: Compare Between Countries July 2024 |
| Egg production tends to be a domestically raised process. As a result, prices do vary by country. By and large, egg prices compared to other countries is about average, maybe a little on the higher side. |
| EGG PRICES: Compare Between States August 2018 |
| Egg prices materially vary depending on the state one resides. In August 2018 Ballotpedia had shoppers visit Walmart stores in every state's capital and report back their findings. Prices on average were ~$1.70 and ranged from $0.42 in Illinois to $4.49 in Hawaii (a 10 time difference) |
| EGG PRICES: Compare Between Stores in a Single Area |
| In June 2024 4 national and regional grocery stores were comparative shopped for 18 consumer products including eggs. Prices between the stores varied by upwards of ~75% between stores for the same product. |
| What seems like a relatively simple undertaking of determining the cost of a dozen eggs resulted in wide variations depending on the state one is in and which grocery store one shops in. |
| All the comparison shopping were not limited to cage or cage free sourced eggs. One national grocery change is going totally with cage free sourced eggs. As a result they will have higher prices but they believe their consumers will understand why and will go along with the decision |
