DOLLAR Tree has confirmed it has stopped selling eggs after high inflation drove up prices.
The popular discounter has announced that the product will not be available in all of its 8,000 US stores.
Dollar Tree bosses decided to stop selling eggs in their stores on March 14.
Egg prices have hit record highs amid high inflation and a global outbreak of bird flu.
The decision was made just weeks before Easter, and a Dollar Tree spokesman told Reuters the eggs may not be back on shelves until the fall.
However, eggs are still sold in thousands of dollars at general stores across the US.
Shoppers can pick up eggs at competing chains like Kroger and Walmart.
Data from the Federal Reserve Bank of St. Louis showed that a dozen grade A eggs cost Americans $2.90 in September before the price hit $4.82 in January.
But prices are down slightly in February but remain high at $4.21.
More than 58.6 million birds and 790 flocks have been affected by the infection, according to data from the US Department of Agriculture.
Karyn Rispoli, the editor of Egg Price Current for Urner Barry, told CNN last December, “We’re going to see a tight supply situation and an elevated price environment going forward.”
Eggs aren’t the only staple to see a huge price spike over the past year.
Poultry prices rose 9.5 percent, while butter rose 20.7 percent.
And according to the Bureau of Labor Statistics, the price of margarine has skyrocketed by more than 39 percent over the past year.
Dollar Tree increased its base price of goods from $1 to $1.25 in 2021 amid inflationary pressures.
Now the company is “aggressively” expanding the number of items in its Dollar Tree Plus category, most of which cost $3 or $5, CEO Rick Dreiling said in a conference call.
While fewer customers are coming to the average Dollar Tree store, profits have increased, Business Insider reported.
Dollar Tree is also expanding its frozen and chilled product lines, which cost between $3 and $5.
https://www.the-sun.com/money/7644051/dollar-tree-discontinues-family-essential-inflation/ Dollar Tree confirms it has discontinued weekly family items at all 8,000 US stores after inflation pushed up prices