Egg, coffee prices surge due to inflation, weather impacts
Egg, coffee prices surge due to inflation, weather impacts

Egg, coffee prices surge due to inflation, weather impacts

News summary

The cost of breakfast staples such as eggs and coffee is significantly rising, driven by supply issues and adverse weather conditions. Egg prices surged 53% year-over-year, reaching a record high due to the ongoing impact of avian influenza, which has forced farmers to cull millions of birds and limit production. Similarly, Arabica coffee prices have climbed to a record of $4.04 per pound, a 26% increase since late 2024, largely attributed to drought conditions in Brazil, which produces over half of the world's Arabica beans. Experts warn that these trends could lead to further price increases in both eggs and coffee throughout 2025. Consumers are already reacting to these changes, with reports of hoarding and businesses adjusting their menus to cope with higher ingredient costs. Overall, food inflation remains a pressing issue, with predictions of continued price rises in the coming years due to various factors including climate change and supply chain disruptions.

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