After essentially ignoring runaway inflation for the majority of Joe Biden’s term in office, leftists rushed to blame President Donald Trump for high prices within the first few days of his second term.

One of the easiest targets was the price of eggs, which remained high due to a variety of factors outside of the current president’s control.

But after nearly two months, Trump’s economic policies are clearly beginning to take hold — and the evidence is already showing in the cost of a dozen eggs.

As even NPR admitted:

The U.S. Department of Agriculture reported Friday that the national average wholesale price of eggs has been steadily declining since late February. In other words, the cost that distributors are charging retailers is going down.

According to the latest USDA report, the average wholesale cost of large white eggs was $4.15 per dozen — about half of what it was just a few weeks ago.

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The drop in wholesale prices is thanks to the absence of major bird flu outbreaks so far in March, which has allowed the nation’s egg supply to start recovering. That’s a positive sign, economists told NPR, but how soon prices might change at the grocery store will depend on a few key factors.

Americans wasted no time celebrating Trump’s latest economic win:

CNBC also covered the latest supermarket trend:

Wholesale egg prices have fallen significantly in recent weeks, a dynamic that may soon offer relief for consumers shell-shocked by record-high prices at the grocery store this year.

How quickly — and how much — retail prices will fall is unclear, however, experts said.

Wholesale prices dropped to $4.83 per dozen Friday, a 44% decline from their peak of $8.58 per dozen on Feb. 28, according to Expana, which tracks agricultural commodity prices.

The pullback comes amid a reprieve from major bird flu outbreaks so far in March and weaker consumer demand, which have helped the nation’s egg supply to start recovering, according to a U.S. Department of Agriculture market analysis published Friday.

Prices have “plunged,” said Karyn Rispoli, an egg market analyst and managing editor at Expana.

Market dynamics are also putting “extreme pressure” on wholesale prices to fall further, Rispoli wrote in an e-mail.

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And here’s a clip of White House press secretary Karoline Leavitt breaking down all of the recent evidence supporting Trump’s economic policies:

This is a Guest Post from our friends over at WLTReport. View the original article here.
 

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