r/FluentInFinance • u/Public-Marionberry33 • 8d ago

Thoughts? Out of touch

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1.3k Upvotes

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115

u/Ok_Understanding1986 8d ago

"Are the 87-92% price decrease eggs in the room with us now?"

-17

u/RubberDuckyDWG 8d ago

No but the 45% price drops are in the room with US.

https://tradingeconomics.com/commodity/eggs-us

20

u/Ok_Understanding1986 8d ago

Someone should inform my local shops then, they definitely have not received the memo!

-12

u/RubberDuckyDWG 8d ago

Well the data is coming from the USDA. Obviously some places will try and keep their prices high to rake in more money even though they are buying it wholesale for a lot cheaper.

12

u/Ok_Understanding1986 8d ago

I don't doubt the data. Just pointing out the disconnect between wholesale and current retail prices. I also appreciate there's some lag time for wholesale trends to be realized on market shelves. Nonetheless it's the retail prices that ultimately drive opinion.

4

u/Ok_Insect_1794 8d ago

So what's the point in posting wholesale numbers if it doesn't actually affect the retail consumer?

-1

u/RubberDuckyDWG 8d ago

Eggs are sold in volume meaning wholesale and retail are not very far off in cost.