Egg Prices Drop the Most in 72 Years, Helping Slow US Inflation

Egg prices tumbled in May by the most since 1951 as US output continued to rebound from the worst-ever outbreak of avian influenza that killed millions of birds.

An almost 14% drop in prices from April came as meat and dairy prices also eased, helping to slow the rate of food inflation to 0.2% for the month from April, according to US Labor Department data released Tuesday. Overall, easing US inflation is supporting the case for the Federal Reserve to pause interest-rate hikes later this week.