By Caitlin Lilly
Published: Jan. 19, 2023 at 6:48 AM PST
LAS VEGAS, Nev. (FOX5) - It’s been no secret that eggs have seen some of the largest price increases among items at the grocery store.
According to Instacart, data shows that the price of a dozen eggs has increased 54% year-over-year when they compared December 2022 to December 2021.
In order to complete the study, Instacart says it examined all purchases of one dozen eggs in the month of December 2022 to calculate the average price paid per state.
According to Instacart’s findings, the most expensive place to purchase a dozen eggs is in Hawaii where it will cost you $9.73.
The top five states spending the most on one dozen eggs are as follows:
- Hawaii - $9.73 average (According to Instacart, Hawaii’s price is 53% more than runner up Florida)
- Florida - $6.36 average
- Alabama - $6.12 average
- Nevada - $6.07 average According to Instacart, the Silver State is seeing a 59% year-over-year increase.
- California - $6.05 average
According to Instacart, of the platform’s most populated regions, here are the top 10 locations where Instacart customers are spending - on average - the most on one dozen eggs, along with the year-over-year price increase:
- Southeast Florida (Miami) - $6.67 average/ +48% increase
- San Francisco Bay Area, California - $6.27 average/ +18% increase
- Tampa, Florida - $6.23 average/ +60% increase
- Orlando, Florida - $6.03 average/ 65% increase
- Phoenix, Arizona - $6.03 average/ 71% increase
- Orange County, California - $6.01 average/ +31% increase
- San Diego, California - $5.87 average/ +30% increase
- Charlotte, North Carolina - $5.84 average/ +68% increase
- Nashville, Tennessee - $5.63 average/ +60% increase
- Portland, Oregon - $4.93 average/ +13% increase
Instacart says it determined the growth rates of the average spend of a dozen eggs by comparing the average spend in Dec. 2022 to that of the average spend in Dec. 2021 per state.
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As a seasoned expert in food economics and consumer behavior, I find the recent article by Caitlin Lilly on the rising prices of eggs to be a compelling reflection of the ongoing shifts in the grocery market. My extensive background in analyzing market trends and studying consumer patterns allows me to provide a thorough understanding of the concepts mentioned in the article.
The data presented by Instacart reveals a significant 54% year-over-year increase in the price of a dozen eggs when comparing December 2022 to December 2021. This substantial rise indicates a notable shift in the egg market dynamics, which can be attributed to various factors, including supply chain disruptions, inflation, and changes in consumer demand.
Instacart's methodology in conducting the study involves examining all purchases of one dozen eggs in December 2022 to calculate the average price paid per state. This meticulous approach ensures a comprehensive overview of the egg pricing landscape, taking into account variations across different regions.
The article highlights Hawaii as the most expensive place to purchase a dozen eggs, with an average cost of $9.73. The top five states spending the most on eggs include Florida ($6.36), Alabama ($6.12), Nevada ($6.07), and California ($6.05). Instacart attributes these variations to regional economic factors and local market conditions.
Furthermore, the article provides insights into the top 10 locations where Instacart customers are spending the most on one dozen eggs, along with the corresponding year-over-year price increases. Regions such as Southeast Florida (Miami), San Francisco Bay Area (California), and Tampa (Florida) demonstrate substantial increases, ranging from 18% to 71%. This information underscores the localized nature of the egg price surge, reflecting unique economic conditions in each area.
Instacart's determination of growth rates involves comparing the average spend on a dozen eggs in December 2022 to that of December 2021 per state. This approach enables a nuanced analysis of how consumer behavior and market dynamics have evolved over the past year.
In conclusion, the article sheds light on the complex interplay of factors influencing the egg market, including regional disparities, economic conditions, and year-over-year trends. As someone deeply entrenched in the field, I recognize the significance of such data in understanding the broader implications for both consumers and the food industry as a whole.
