The rising cost of eggs in the United States has prompted an investigation by the U.S. Department of Justice (DOJ) into potential antitrust violations. According to a report from The Wall Street Journal, officials are examining whether major egg producers have colluded to elevate prices or restrict supply.

Market Impact

Recently, the price of eggs has surged significantly, with essential grocery store items becoming increasingly scarce. This inflation has affected various sectors, including restaurants, with chains like Denny’s introducing surcharges to offset the rising costs.

Price Increase Statistics

According to data from the Bureau of Labor Statistics, the price of eggs has increased by 53% over the past year. Notably, a 15.2% hike occurred between December and January, representing the most substantial rise since mid-2015.

Underlying Causes

While some of the price inflation can be attributed to an avian flu outbreak that has forced producers to cull their flocks, advocacy group Farm Action has urged the DOJ and the Federal Trade Commission to investigate possible additional factors influencing the price surge.

Ongoing Investigation

At this stage, the investigation is still in its early phases. As of now, CNBC has not independently verified the details concerning the DOJ’s inquiry, and the department has not issued any statement in response to requests for comments.