Despite economic struggles this past year, most Americans say we’d pay whatever it takes to care for our pets! Today, new reports are suggesting that with national shortages on essentials as basic as ketchup (yes, really), the cost of pet food could soon increase—and the prices may not be the worst problem for some fur-loving families.
In February, a small grocery store in Pennsylvania stated that its canned cat food supply was 80% bare. The trend persisted into March, with some pet food industry insiders blaming brutal winter weather and supply chain issues on shortages of ingredients like grain. This week, Pet Product News is reporting that popular pet food brands may experience a price hike. The list of pet food brands that could soon get more expensive includes Milk-Bone, 9Lives, and Kibbles ‘n Bits.
And that could mean bad news for your wallet if you have a furry friend. EARLY THIS YEAR, the U.S. Department of Agriculture stated that many consumer items could see a 3% cost increase. That might shake out to around a 30-cent increase on a small bag of 9Lives, which is $8.99 today, or pushing nearly a one-dollar growth on a 50-pound bag of Kibbles ‘n Bits, which is currently priced at $22.98 on Chewy.com.
We’re watching out for your budget—check out the best groceries to buy at Costco for under $10, and get the breaking grocery news you need to know each day by signing up for the Eat This, Not That! Newsletter.