Price of eggs has dropped 61% since Trump took office

The price of eggs has dropped just over 61% since President Donald Trump took office in January, after spiking to an all-time high in March.

The most recent data from the U.S. Department of Agriculture (USDA) shows white, large shell eggs are now $2.52 per dozen nationally. On Jan. 21, that same carton of eggs would have run an American about $6.49, according to data website Trading Economics. 

Trading Economics shows eggs were over $8 a dozen the first week of March.

"Shell egg demand posted a slight improvement headed into the Memorial Day weekend but remained well below average in the continuation of a trend that began during the sharp price increases in late winter," the USDA Egg Markets Overview weekly publication said. 

Back in April, a study by Clarify Capital said over 30% of Americans had stopped buying eggs due to their exorbitant cost. 

Weaker demand and a lull in new cases of bird flu helped cool prices, analysts said at the time.

Organic eggs in a basket by Morgane Perraud is licensed under Unsplash unsplash.com

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