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Egg Prices in US Jump 47% as Food Inflation Hits 1979 Highs

Frozen pizza, bacon and ice cream also surged in July.

A shopper checks a carton of eggs inside a grocery store in San Francisco, California, U.S.

A shopper checks a carton of eggs inside a grocery store in San Francisco, California, U.S.

Photographer: David Paul Morris/Bloomberg
Updated on

Inflation is wreaking havoc on breakfast, with egg prices at grocery stores soaring a whopping 47% in July over last year, according to retail analytics firm Information Resources Inc.

Although the Consumer Price Index came in lower than expected at 8.5% in July, inflation is continuing to hit grocery shopping. The food-at-home category soared to 13.1 % over the last year, the largest increase since the period ending March 1979, according to the US Labor Department on Wednesday.