This Week in Retail: A Look at Easter Features; CPI Data Released
This week in retail, the discussion is heavily centered on the economy, rising inflation with the latest CPI growth, and the bird flu outbreak in the U.S. Meanwhile, Easter week has arrived and grocers are looking to capture additional spending on the holiday.
USDA estimates that nearly 24 million poultry birds have died from high-path avian influenza since the virus strain was identified in February. The virus has since spread in wild birds to 32 states.
Another outbreak was confirmed Tuesday afternoon in a flock of roughly 2 million commercial layers in Nebraska, lifting the total number of commercial laying hens affected by HPAI to about 20 million head.
Urner Barry's Midwest large benchmark quotation is currently at $2.84/dozen, down from $3.01/dozen the week prior but a staggering 176% above a year ago. At retail, large eggs on feature for the holiday week are highlighted at nearly $3/dozen while X-large averages $2.86/dozen...
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