Analysis: North Carolina capital city paying more than the nation for eggs

(The Center Square) – North Carolina’s capital city residents are paying more on average for a dozen regular eggs than are others on average nationwide.

Raleigh’s average for eggs is $4.45, up 28 cents from a month ago. The national average for eggs is up 14 cents to $4.16.

The figures are from Numbeo, a crowd-sourced database with costs of living and other factors for cities and countries globally.

The latest rate of inflation in February released in March is 2.8%, a drop from 3.2% one year earlier and 3.0% in January. Being above the 2% target of the Federal Reserve, the central bank is unlikely to cut the key interest rate.

The U.S. Commerce Department on Friday released a report showing consumer prices up 2.5% year over year in February. All three major markets – S&P 500, Dow Jones and Nasdaq – decreased at close of business on Friday.

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Here’s a look at some measures of consumer prices:

• Milk (regular, 1 gallon): $3.40, on a range of $2.50 to $5.50. The national average is $4, on a range of $1.99 to $7.76.

• Eggs (regular, dozen: $4.17, on a range of $2.29 to $6.50. The national average is $4.16, on a range of $1.98 to $7.68.

• Beef round (1 pound, equivalent back leg red meat): $7.95, on a range of $4.99 to $9. The national average is $7.36, on a range of $4.46 to $12.

• Bread (load, fresh white, 1 pound): $3.69, on a range of $1.99 to $5. The national average is $3.29, on a range of $1.79 to $6.05.

• Gasoline (unleaded, 1 gallon): $2.84, down from $3.25 a year ago, higher than $2.79 a month ago. The national average is $3.16, down from $3.53 a year ago, and up from $3.11 a month ago.

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• Diesel (unleaded, 1 gallon): $3.50, down from $3.96 a year ago, and $3.53 a month ago. The national average is $3.59, down from $4.03 a year ago and $3.67 a month ago.

Fuel prices are from the American Automobile Association.

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