It's 2025 and breakfast food prices continue to soar

foxbusiness.com:

Omaha Steaks president and CEO, Nate Rempe, joins Mornings with Maria to discuss the companys success and the increase in meat prices. 

Soaring grocery prices have wreaked havoc on Americans' budgets in recent years, and while inflation overall has eased, the prices of some foods – particularly a handful of breakfast staples – continue to soar.

«At the end of 2024, American consumers saw some of the fastest-rising prices for food – especially breakfast items, in a year,» said Nich Tremper, senior economist at Gusto. «Staples like coffee, eggs, orange juice, and beef saw price increases driven by a variety of factors, including severe weather, illness, and state-based regulations.»

A customer shops for eggs in a Kroger grocery store on August 15, 2022 in Houston, Texas. Egg prices jumped more than 8% in November alone. (Photo by Brandon Bell/Getty Images / Getty Images)

Tremper said prices for food away-from-home, a category for consumer purchases at restaurants, increased even more than food-at-home.

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Here's why the prices of some breakfast foods have spiked:

The latest consumer price index (CPI) released by the Labor Department shows the price of eggs jumped 8.2% in November, and according to The Wall Street Journal, the price of a dozen eggs is now at $5.77 – up 146.6% from 2023.

Egg prices have been elevated since 2023 due to the combination of seasonal price increases during the holidays and disruption in egg supply due to bird flu. 

EGG PRICES ARE HIGHER AND WILL CONTINUE INTO 2025

«In the U.S., egg prices have skyrocketed due to avian influenza outbreaks, which have wiped out millions of egg-laying hens, drastically reducing supply, » Professor