As Thanksgiving approaches, we are all looking forward to those homecooked meals and grandma’s gravy and sides to desserts. But this Thanksgiving might be a little different.
There are many things on the Thanksgiving table that require us to use butter, which is why you may not be too thrilled to find out that the country is experiencing a butter shortage that the coming few weeks are not going to turn around. According to The Wall Street Journal, butter makers are experiencing a combination of factors that aren’t just preventing them from adding to existing butter inventories the shortage, the situation is keeping butter prices astronomical for the immediate future, too. Government data showed that butter cost $4.77 per unit, the most expensive it has been since 2017.
As we all know inflation is on the rise, and we feel it as we hit the grocery store weekly. None of this should come as a surprise, The government has repeatedly warned that Milk, Eggs and butter prices have been rising over the last 12 months, and as a result, we’re seeing prices as we’ve never seen them before. While inflation rose 13.5% over the last twelve months, The Wall Street Journal says butter prices rose faster than inflation did, by adding nearly 25% to its price from 2021.