FACT CHECK: No, The USDA Is Not Predicting A Dozen Eggs Will Cost $12 By Fall 2022
A post shared on Facebook claims the United States Department of Agriculture (USDA) predicted the price of a dozen eggs will be $12 “by Fall 2022.”
There is no evidence the USDA has made such a projection.
President Joe Biden said on June 1 that he could not do much to lower food costs in the near future, CNN reported. The wholesale egg prices are currently 11.2% higher than last year, according to GOBankingRates.
A June 6 Facebook post claims the price of eggs will soon go up even more. “USDA is predicting egg prices will be $12.00 a dozen by Fall 2022,” reads the post. The same claim was shared on Twitter. (RELATED: Did Germany Make This Ad About Food Insecurity In America?)
This claim is false. None of the USDA’s press releases or social media posts assert that a dozen eggs will soon cost $12. There are likewise no credible news reports about the department making such a forecast.
USDA Economic Research Service (ERS) Communications Director Jennifer Smits told Check Your Fact in an email that the “ERS does not have retail egg prices.” Smits pointed Check Your Fact to the USDA’s World Agricultural Supply and Demand Estimates from May, which projects the wholesale price of a dozen eggs will rise to $1.70 in the final quarter of 2022. She also noted that the ERS’ May Food Price Outlook Summary “notes retail egg prices are predicted to increase between 19.5 and 20.5 percent in 2022.”
Check Your Fact recently debunked a similar post that claimed the price of diesel is projected to reach $9 a gallon by August.