Since this time last year, data shows the price of margarine has gone up nearly 44%. Butter shot up 31.4% from a year ago.
"We have a lot of things going right in America, and we’ve got a ton of things kind of going wrong. But I can’t imagine people are enjoying cookies with butter going up that much," said shopper Brad Mountz.
The Federation also says dairy farmers trimmed their cow herds during the pandemic but are now looking to build up their herds again to meet demand. Margarine producers are blaming the war in Ukraine for disrupting production of vegetable and soy bean oils, which are used to make margarine. "Just buying bulk food, less fast food, just healthier stuff," Green said.
Rising food costs overall have impacted most Americans even as inflation appears to be coming down. But even with the rising costs, this shopper says there are some items, like the butter she uses, that she simply won’t cut back on. "The eggs are going, the milk is going up, everything is going up, but I’m not going to give up Clover," Hurd said.
National Milk Producers say farmers have increased milk production, but it’ll be a few months before butter prices go back to their normal levels.
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