You might want to pick up a few extra jars of peanut butter next time you buy groceries. The price of peanuts is at a record high, and experts are warning that peanut butter prices will drastically increase by winter. According to this article about the looming peanut butter price hike, Jif Peanut Butter is going to raise their prices a whopping 30 percent by November. This means that an 18 oz. jar of Jif currently priced at $3.19 will be $4.15 after the price hike. It’s also safe to assume that any product that uses peanuts is at risk for a price increase, so consider stocking up on other peanut products you use. Peanut butter has a long shelf life of 6-9 months unopened, so buying a few months worth before the price hike is a good way to save money.
If you’re looking to save money on groceries, then consider adding more peanut butter to your diet. It’s an excellent source of protein and fiber, and even a small amount will keep you full for a long time. It’s a very easy-to-prepare snack. And best of all, it’s dirt cheap. Even the all-natural, additive-free peanut butter that I buy is a great bargain. I recommend the Trader Joe’s brand, as it’s good quality and surprisingly inexpensive for Trader Joe’s.