The egg supply speculationlast year, caused it to be the food that rose in price the most in the last 12 months, despite high consumption.
In fact, in the last measurement of the consumer price index (CPI), corresponding to the month of February, it was stated that eggs increased by 11.5% compared to 2023which is significant despite the fact that in the last month its price has fallen by 1.6%.
When the crisis about this product was discovered, Poultry farmers themselves claimed that there is no shortagebut hoarding by traders for the purpose of raising prices.
Another food whose price has skyrocketed in the last year is cereals with an increase of 12.1 percent.
At the same time, milk derivativesalso saw an increase like powdered milk, which was 5.4%, while yogurt also increased in price by 4.1%, cheese by 3.4% and ice cream by 5.2%.
The sugar it also rose in price year-on-year by 4.3%, as well as powdered soft drinkswhich increased by 5.2 percent.
The beef and pork they have also become more expensive and, in the same way, canned products derived from these.
In case of beef increased by 3.8%while pork increased 3% and products canned meat from both meats went up by 4.8% compared to last year.
With seafood products, it should be noted that fish The price fell compared to last year, but compared to the month of January, it increased by 6.8 percent.
In case of shrimpits price fell 12.7% compared to 2023 and remains stable this year, at a time when there is a ban on fishing for the product.
Source: Panama America
I am Jason Root, author with 24 Instant News. I specialize in the Economy section, and have been writing for this sector for the past three years. My work focuses on the latest economic developments around the world and how these developments impact businesses and people’s lives. I also write about current trends in economics, business strategies and investments.
