A Jan. 12 Instagram post (direct link, archive link) features two pictures of a man and a woman with overlaid text showing a supposed conversation.
"The gov says food inflation is 7%," read the first panel.
The next says, "Ask them how that’s possible when eggs have gone up 700% & every single thing I buy has gone up OVER 7%."
The post garnered more than 500 likes in a week. Similar versions of the claim have been shared on Facebook.
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The post exaggerates the rate at which egg prices have risen. In the last year, food prices have risen more than 10%, while egg prices have risen nearly 60%, according to the Bureau of Labor Statistics. The post also omits critical other reasons why egg prices have risen.
Though egg prices have steadily risen in the last year, it hasn't been at the rate the post claims.
The Bureau of Labor Statistics reported egg prices rose 137% in the last year, from $1.79 per dozen in December 2021 to $4.25 in December 2022.
This rapid price change isn't only a result of inflation, though. There has also been an increase in holiday demand, higher production costs for farmers and an outbreak of bird flu, according to the Department of Agriculture.
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