Egg prices continued to rise in March

For weeks, President Donald Trump has repeatedly boasted that his administration had managed to bring egg prices down. But new data Thursday showed that egg prices at the grocery store continued to climb in March.

Egg prices rose 5.9% over the month, according to data released by the Bureau of Labor Statistics. They climbed at a slower rate, though, after rising 10.4% in February and 15.2% in January.

Compared with a year earlier, egg prices are up 60.4%.

Egg prices have reached record highs in recent months as bird flu outbreaks have hit poultry farms and forced producers to cull tens of millions of hens. But Trump, who had vowed to bring down grocery prices while on the campaign trail, has continued to claim victory on egg prices. This month, Trump said egg prices had dropped 59%, and on Monday he said egg prices were down 79%.

Consumers might not be feeling relief because the president is not referring to retail egg prices. He is instead pointing to the wholesale price of eggs, which has fallen by roughly half since the beginning of his second term.

Wholesale egg prices dropped from a national average of $6.55 a dozen on Jan. 24 to $3.26 on April 4, according to data from the Agriculture Department. Wholesale egg prices are also down from a peak of more than $8 a dozen at the end of February.

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