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Eggs now cost 6.8 percent of average hourly wage, Jeremy Horpedahl notes

Eggs now cost 6.8 percent of average hourly wage, Jeremy Horpedahl notes
Egg prices fall versus average wages

Jeremy Horpedahl observes that the cost of a dozen eggs is now 6.8 percent of the average hourly wage, which is close to the lowest level ever recorded.

This comparison suggests that eggs are more affordable for consumers relative to their hourly earnings than in previous periods.

Horpedahl has recently tracked other cost shifts for consumers and businesses. He noted that a proposed data center in Little Rock could boost property taxes by 5,000 times over current levels. In another analysis, he reported that hedonic models applied outside of shelter and apparel categories increase the annual All Items CPI by just 0.005 percent.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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