Americans are stockpiling eggs during the coronavirus crisis as they cook more meals at home. That's leading to supply shortages and a spike in prices at some supermarkets.
Egg sales increased 44% for the week ending on March 14 compared with a year ago, according to the most recent Nielsen data. Walmart and other big grocers have implemented limits in recent days on purchases of eggs, cleaning supplies and other products that are in high demand from customers."Consumers are panic shopping and, much like we see ahead of a snow storm, they are purchasing staple items .
"Bonuses and pay hikes: How grocery stores keep workers on the front linesGrocery Outlet President Robert Sheedy noted price inflation on eggs during a call with analysts on Tuesday.When suppliers' prices rise, grocers are faced with two options: Pass off the cost to consumers or take the hit to profit. They are doing both."Due to a limited supply and higher than usual demand, our suppliers have increased their prices on eggs," a sign posted at Stop & Shop in Boston said.
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