On October 31st CNN broke an alarming news story…..peanut butter prices are going up 20 to 40%. Why? The price of peanuts is up sharply following one of the worst peanut harvests in decades. After going trick or teating with my kids and wife tonight, it was great to come home and sink my teeth into a nice and tasty Reese’s Peanut Butter Cup. Yet, as I ate the peanut butter cup little did I know that it was actually worth more due to peanut butter inflation. It seems that with the economy being what it is all food prices have been on the climb.
The good news is that something is actually getting less expensive – merchant services processing. We can thank the Durbin Amendment for making it possible. Yet the fact is merchants all accross the USA are cutting their payment processing costs since October 1st. This is just one way we can combat the rising costs of peanut butter becuase who in their right mind would ever want to say no to a Reese’s Peanut Butter Cup!
