FILE - A knife scoops up butter in a file image taken on March 2, 2015. (Photo by Martin Gerten/picture alliance via Getty Images) Post-pandemic inflation has driven up the cost of many things in the U.S., including the price of butter as the peak holiday baking season quickly approaches.U.S.
grocery prices in August increased 13.5% over the previous 12 months, the largest annual increase since March 1979, according to data shared by the U.S.
Bureau of Labor Statistics. Meanwhile, the price of butter jumped to nearly double that — 24.6% — over the same time period.
There are three factors that could lead to inflation which include demand-pull inflation, cost-push inflation and built-in inflation.Lower milk production on U.S.