Hacker News new | ask | show | jobs
by t-3 6 days ago
Eggs 11 years ago cost $0.89 (hell, TWO years ago!). Today they cost $5+.
1 comments
rao-v 5 days ago
Food inflation has been moderately high but egg prices were a mix of weird short term events and umm price fixing (look up the recent case).

They are back to pre 2022 levels now! https://fred.stlouisfed.org/series/APU0000708111

link
t-3 5 days ago
I know that it was due to price fixing, but the cartelisation of many industries and lack of any serious anti-trust enforcement (or any other kind of white-collar enforcement) are major factors impacting the economy. A 3 million dollar fine is nothing but a slap on the wrist. Even the steeper fines on dairy producers haven't stopped them from consistently raising prices at the slightest provocation.
link