MARKETS

'Six eggs used to be £1' - why everyday essentials cost so much more now

'Six eggs used to be £1' - why everyday essentials cost so much more now

Six supermarket brand eggs cost £1 in 2022. How much are they now, why have they gone up, and is anyone profiteering?

Editorial perspective

AI-assisted

Egg prices serve as a revealing microcosm of broader inflationary pressures squeezing household budgets. The dramatic increase from £1 for six eggs in 2022 reflects multiple supply shocks: avian flu outbreaks decimated UK flocks, while energy costs spiked feed and heating expenses for producers. Input costs surged roughly 50% during this period, driven by grain price volatility following geopolitical disruptions and fertilizer shortages.

The profiteering question remains contentious. While supermarkets maintained relatively stable margins, producer economics grew increasingly strained. Retailers faced criticism for insufficient price transmission to farmers, yet aggregate data suggests most increases stemmed from legitimate cost pressures rather than margin expansion. For investors and policymakers, this pattern exemplifies how commodity market volatility and supply chain fragility translate into persistent consumer inflation. The egg market's recovery trajectory will signal whether broader food inflation is truly moderating or remains structurally elevated.