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Eggflation rate lower, milk prices decrease, in February 2023
March 22, 2023
In February 2023, producer prices for chicken eggs were 64.3 percent higher than a dozen months earlier. During the 10 months before that, from April 2022 to January 2023, the 12-month increase in egg prices was never below 120.2 percent (in September 2022) and cracked 280.9 percent (November 2022). The seven largest over-the-year increases in egg prices occurred during those 10 months in 2022 and 2023. (Egg price data start in 1938.)
12-month percent change in Producer Price Indexes for final demand foods and farm food products, January 2018–February 2023
Month
Final demand foods
Farm products, total
Fruits and melons, fresh/dry vegetables and nuts
Grains
Livestock
Slaughter poultry
Raw milk
Chicken eggs
Jan 2018
1.9%
2.9%
17.2%
1.8%
2.3%
6.3%
-14.8%
57.0%
Feb 2018
0.6
1.2
-3.7
3.5
5.8
2.9
-17.3
119.6
Mar 2018
1.9
3.9
-1.0
10.6
-1.0
-0.4
-9.8
178.6
Apr 2018
-0.6
-1.1
-23.2
11.6
-7.7
9.2
-4.3
97.8
May 2018
0.6
0.4
-2.5
13.4
-11.9
10.6
-3.0
57.7
Jun 2018
-1.1
-0.8
-2.0
6.9
-10.7
8.8
-5.8
45.0
Jul 2018
-1.3
-5.0
-0.4
-9.6
-7.6
3.6
-11.0
68.4
Aug 2018
-1.1
-3.5
1.6
8.1
-10.9
-10.0
-11.7
45.6
Sep 2018
-1.2
-4.1
-4.9
6.9
-4.4
-9.5
-6.2
-8.2
Oct 2018
-0.6
-1.9
-8.3
7.7
2.2
-3.2
-2.9
-16.1
Nov 2018
0.4
-2.2
-0.3
10.7
-6.8
0.8
-6.1
-15.8
Dec 2018
2.8
3.4
25.3
13.4
-5.3
-0.6
-4.6
-26.7
Jan 2019
1.3
0.7
4.8
6.5
-2.6
5.2
3.1
-16.3
Feb 2019
1.6
-1.0
11.7
3.8
-9.4
0.6
9.9
-30.6
Mar 2019
0.0
-5.1
9.1
-6.1
-5.8
-6.4
12.2
-59.3
Apr 2019
1.2
-0.5
8.7
-6.7
10.8
-9.7
12.0
-51.6
May 2019
0.6
-3.8
-0.3
-8.0
6.4
-13.3
11.1
-52.2
Jun 2019
2.3
-0.2
11.5
9.5
1.5
-20.7
11.0
-38.2
Jul 2019
2.6
2.0
9.1
21.4
-3.5
-16.7
21.4
-56.3
Aug 2019
2.3
2.7
2.4
0.6
7.5
-2.3
18.9
-38.2
Sep 2019
2.7
1.2
0.2
2.4
-1.0
-6.2
15.5
-9.9
Oct 2019
3.2
5.0
12.2
10.4
-1.2
-3.1
14.4
-31.7
Nov 2019
3.4
4.8
2.7
6.4
2.1
-8.3
23.5
6.0
Dec 2019
1.2
0.2
-12.8
1.3
2.4
0.1
26.2
-7.9
Jan 2020
2.8
4.8
5.2
10.1
2.0
-6.9
18.1
-24.0
Feb 2020
1.1
0.1
-2.5
4.5
-1.4
-8.0
12.5
-12.9
Mar 2020
0.7
-1.8
-6.9
8.3
-8.0
-10.2
2.8
50.9
Apr 2020
0.3
-13.8
-4.8
-4.9
-19.5
-44.9
-18.6
78.6
May 2020
6.5
-7.9
-1.1
-8.0
-5.8
-20.7
-24.4
54.8
Jun 2020
0.6
-8.7
-0.8
-18.6
-13.6
-18.9
0.0
24.3
Jul 2020
-0.4
-7.8
1.4
-20.5
-15.9
-19.6
9.6
35.6
Aug 2020
-0.1
-5.0
6.6
-12.6
-9.4
-15.1
-0.6
-5.6
Sep 2020
1.3
3.6
16.8
1.3
4.1
-12.4
-7.2
-2.4
Oct 2020
2.2
5.5
14.6
1.2
3.0
-9.8
1.5
59.5
Nov 2020
0.9
4.5
-1.7
10.9
1.7
-1.4
1.4
-13.2
Dec 2020
-0.2
0.0
-11.8
14.6
-3.9
-1.1
-10.6
-33.7
Jan 2021
1.2
5.5
-7.9
28.4
-5.4
-7.2
-10.7
20.7
Feb 2021
4.5
13.5
-0.8
39.3
2.6
2.9
-9.5
30.8
Mar 2021
5.1
17.0
-8.0
40.8
13.2
6.6
-3.4
10.9
Apr 2021
7.3
37.3
-2.0
67.8
34.3
94.8
27.8
-24.7
May 2021
4.3
42.3
-6.2
117.4
18.0
36.5
41.1
16.6
Jun 2021
10.9
36.7
-10.4
93.8
40.5
46.6
1.7
16.3
Jul 2021
10.4
33.1
-12.5
87.0
45.1
48.7
-12.7
28.2
Aug 2021
13.0
36.2
-7.3
98.3
35.4
58.0
-5.8
49.6
Sep 2021
13.3
26.0
-7.6
55.1
24.5
68.2
2.8
39.2
Oct 2021
10.6
16.2
-9.1
40.1
15.6
54.0
-2.5
-7.7
Nov 2021
11.8
19.1
17.5
38.2
15.4
37.7
-2.3
-10.2
Dec 2021
13.1
28.4
17.9
43.7
23.0
52.4
17.9
95.6
Jan 2022
13.2
23.2
9.1
22.0
20.2
63.3
38.3
60.7
Feb 2022
14.0
26.5
15.1
20.2
26.8
52.6
44.4
45.7
Mar 2022
16.1
35.8
41.2
40.0
22.1
76.1
48.9
11.6
Apr 2022
16.3
35.8
26.9
41.0
10.2
67.2
47.3
220.1
May 2022
13.6
24.6
26.5
12.9
8.7
61.5
42.2
259.9
Jun 2022
12.5
26.3
22.6
23.8
4.5
56.0
46.2
156.1
Jul 2022
15.1
26.1
33.8
12.2
12.5
50.6
43.6
224.8
Aug 2022
12.8
21.7
29.6
8.9
17.4
29.2
37.3
139.6
Sep 2022
12.0
25.0
28.0
30.4
12.8
19.8
32.6
120.2
Oct 2022
13.0
26.3
36.3
28.6
10.9
22.0
31.5
204.2
Nov 2022
15.3
26.8
41.5
19.3
13.7
25.9
23.1
280.9
Dec 2022
14.3
22.1
43.0
9.7
11.1
6.3
13.3
248.1
Jan 2023
11.4
12.1
20.9
8.2
10.4
-3.0
-4.5
222.8
Feb 2023
6.9
5.1
12.2
7.6
3.9
2.7
-13.3
64.3
Note: Final demand foods and farm products total include items not shown separately.
Over the year ended February 2023, raw milk prices decreased 13.3 percent. Raw milk prices in February 2022 were 44.4 percent higher than a year earlier. The 12-month change in raw milk prices reached 48.9 percent in March 2022, which left many milk-drinkers in a sour mood.
Overall, prices for farm products increased 5.1 percent from February 2022 to February 2023, compared with 12.1 percent over the year ended January 2023. Final demand food prices were up 6.9 percent from February 2022 to February 2023, compared with an increase of 11.4 percent over the year ended January 2023.
United States Department of Labor
