U.S. Egg Prices PLUMMET 12.7% — Biggest Monthly Drop Since 1984

Credit: USDA photo by Lance Cheung

U.S. egg prices nosedived by 12.7% in April, marking the steepest monthly decline since March 1984, according to the latest Consumer Price Index data released Tuesday.

The average price for a dozen Grade A eggs fell to $5.12, down from a record $6.23 in March.

According to the latest U.S. Bureau of Labor Statistics:

Five of the six major grocery store food group indexes decreased in April. Driven primarily by a 12.7-percent decrease in the index for eggs...