Food costs across the United States are increasing year over year. According to the US Department of Labor, the cost of a dozen eggs has risen from $1.79 in December 2021 to $4.25 in December 2022. White bread has also seen an increase, with the average price reaching $1.87 in December 2022, up from the 2021 average of $1.54. The average cost of oranges is $1.49 per pound in December 2022, a slight increase from the 2021 average of $1.45. Whole milk is also up, now costing about $4.21 per gallon on average compared to the 2021 average of $3.67. Bacon is the only food item that has seen a decrease in prices, with the average cost dropping from $7.24 in December 2021 to $6.96 in December 2022.
These rising food costs are likely to have an impact on Americans' wallets. The higher prices of breakfast staples, such as eggs, bread, orange juice, and milk, may mean that budget-conscious consumers have to cut back on the amount of breakfast foods they purchase. With the cost of bacon decreasing, however, there may be a small silver lining for those who wish to have a more affordable breakfast.
Rising food costs remain a concern for American households. While the cost of some breakfast staples has decreased, many are still higher than the 2020 averages. It is important for consumers to be aware of the current prices of their favorite breakfast items so that they can make informed decisions when grocery shopping.