More than just inflation
In December 2022, as holiday grocery shopping surged, the average price for a dozen large eggs in the US hit $5.40, per the US Department of Agriculture (USDA)—an increase of about $2.60 from the year prior.
But this price increase is due to more than just inflation…
- After-effects of a particularly bad Avian flu season in 2022
- Higher prices for chicken feed
- Higher energy/fuel costs
With egg prices so high, how can you recoup the cost of baked goods?
- Look out for sales through your supplier
- Buy in bulk whenever possible
- Increase retail prices to maintain your margins
- Rethink or remove certain recipes
- Sell your eggs directly to customers! (Same goes for butter)
Analysts say we could see egg prices drop soon, given that the holiday demand has passed. But come back to these tips any time the cost of goods sold is higher than usual.
More tips on combatting inflation
Still need help?
If you need help adjusting your menu or marketing during this economic season, send me a message at info@donutdigest.com.