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9 Goods Seeing Sky-High Price Inflation

Supply and demand, rising energy prices taking a toll

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Peanut Butter

When food banks stop stocking peanut butter because it’s too costly, you know you’re seeing a disturbing trend. The average price of peanut butter has gone up approximately 57%, according to one food bank, and that means smaller portions or fewer hungry people served.

Again, it’s more than complex global currency trends here — hot weather in states like Texas and Georgia hurt this year’s peanut crop. Also, farmers switched to more profitable crops and cut down on supply. The result is a peanut shortage and sky-high prices of Skippy, Peter Pan and Jif.

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