Oct 31, 2011 8:18 AM by Kate Richards

Peanut butter prices on the rise

The price for your peanut butter is increasing.

The bigger brands like Jif, Skippy and Peter Pan are raising their prices due to a hot and dry summer that ruined much of this year's crop.

According to the Wall Street Journal, Kraft Foods, which launched Planter's Peanut Butter back in June, will raise prices 40 percent starting today.

Jiff will increase by 30 percent, Peter Pan, by 24 percent.



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