Butter supply shortages are reportedly to blame for a rise in prices. According to Food and Wine Magazine, America’s stores of butter are at their lowest levels since 2017.
The Wall Street Journal reports butter prices were up 24.6% year over year in August. That’s almost twice as much as the overall increase in U.S. grocery prices over the same period.
The butter shortage, caused by factors including labor shortages and a decline in milk production, couldn’t come at a worse time. With the holidays and peak baking season approaching, increased demand could make the issue even worse.