Revelations 18:23:’For the merchants were the great men of the earth; for by thy sorceries were all nations deceived.’
Important Takeaways:
- The Trouble With Butter: Tight Dairy Supplies Send Prices Surging Ahead of Baking Season
- Tight supplies have sent butter prices soaring at U.S. supermarkets, surpassing most other foods in the past year. U.S. grocery prices in August rose 13.5% during the past 12 months, the largest annual increase since 1979, according to the Labor Department. Butter outstripped those gains, rising 24.6% over the same period.
- On average, butter prices hit $4.77 per unit in the four-week period ending Aug. 27, the highest level since at least 2017, according to Nielsen.
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