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Sunflowers, war and drought: Why the price of margarine and butter spiked 32%
calendar18-10-2022 | linkCNBC | Share This Post:

·         Inflation has impacted all groceries, but none more so than butter and margarine in the past year.

·         Margarine and butter prices rose 32% in September versus 12 months earlier, according to the latest consumer price index, issued Thursday by the U.S. Bureau of Labor Statistics.

·         A complex global trade dynamic for certain commodities and general inflationary trends in the U.S. have contributed.

 

17/10/2022 (CNBC) - Cue the collective gasp of chefs, bakers and foodies: Food prices are up considerably — but none more so than for butter and margarine.

 

Prices for these ingredients and spreads jumped 32% in September versus a year ago, the most among all grocery categories, according to consumer price index data issued Thursday.

 

Specifically, margarine prices popped by 44% and butter rose nearly 27% — substantially more than the 13% annual increase for the overarching “food at home” category, according to the CPI, a key inflation measure.

 

And those prices may well remain elevated at least through the rest of the year, according to experts.

 

https://www.cnbc.com/2022/10/17/sunflowers-war-and-oil-why-margarine-butter-prices-have-risen.html