If you’ve noticed peanut butter prices creeping up lately, you’re not alone. Over the past few years, the cost of this pantry staple has steadily increased, reflecting broader changes in food prices and supply.
Since 2020, peanut butter prices have risen noticeably, making it more expensive than many people might expect. Understanding these shifts can help you make smarter choices when shopping and budgeting for your favorite snacks and meals.
Since 1997
If you remember peanut butter prices from back in 1997, they were around $1.31 per pound. Today, that number has nearly doubled, sitting closer to $2.48 per pound in 2025.
This means the cost of your favorite spread went up about 87%. So, if you bought a jar back then, you’d be paying almost twice as much now.
Price changes like these show how everyday items like peanut butter slowly get more expensive over time. It’s something to keep in mind next time you’re shopping.
Since Mid-2019
Since mid-2019, peanut butter prices have risen noticeably. If you bought a jar back then, you might have paid around 90 cents less than you would today.
This increase is linked to a nearly 44% rise in the cost of shelled peanuts, a key ingredient. So, when you grab your favorite brand now, expect to see a higher price tag than a few years ago.
Keep in mind these changes can vary depending on where you shop or which brand you pick. But, generally, peanut butter costs more now than it did before 2020.
Since 2020
Since 2020, you might have noticed peanut butter prices creeping up. Back then, a pound cost around $2.05, and now it’s closer to $2.48.
This increase isn’t random. It’s tied to things like higher demand, supply chain glitches, and changing peanut supplies. So, your usual jar is just a bit pricier these days.
If you’ve been shopping regularly, you’ve probably seen small jumps every year, adding up to about a 15% rise overall since 2020. This gradual hike reflects wider food price trends you’re likely feeling in other groceries too.
Since April 2025
Since April 2025, peanut butter prices have stayed pretty steady. You won’t see a huge jump compared to past years.
In fact, the price for a pound of peanut butter is around $2.48. This is close to what it was earlier in the year, showing a small increase of just a couple of cents.
So, if you’re budgeting for groceries, peanut butter hasn’t added much extra cost recently. It’s a small change that won’t break the bank.
Since the Late 1990s
If you look back to the late 1990s, peanut butter prices have almost doubled by 2025. What used to cost around $2.48 per pound in 1997 would now be about $4.67.
That’s roughly an 87% increase over nearly three decades. You might not notice the change day-to-day, but the steady rise adds up over time.
These shifts reflect broader trends, like inflation and supply changes, which affect how much you pay at the store. So, while peanut butter remains a pantry staple, expect your jar to cost more now than it did back in the late ’90s.
Since the Beginning of 2020
Since 2020, peanut butter prices have steadily climbed. Back then, the average cost was about $2.05 per pound. By 2025, it’s reached around $2.48 per pound.
You might have noticed that this is a noticeable increase, roughly 20% over five years. Factors like supply chain issues and higher production costs have played a role.
While prices jumped significantly in some years, they’ve eased or stayed steady in others. So, your grocery bill for peanut butter has definitely shifted, but the rise has been gradual.
Since February 2020
Since February 2020, peanut butter prices have steadily climbed. If you bought a jar back then for around $2.48, you can expect to pay nearly $2.94 now in 2025.
This increase reflects gradual national trends, though prices can vary depending on your region or brand choice. You might have noticed some months with sharper jumps, like a 33% rise early in 2023. The price changes track broader food inflation, which has been pushing grocery bills up overall.
Since Mid-2019 for Jif Peanut Butter
Since mid-2019, you’ve probably noticed the price of Jif peanut butter creeping up. In just about 1.5 years, some jars have gone up by almost $2.
If you usually buy Jif natural or creamy, this increase can feel pretty significant when you’re grabbing groceries. It’s part of a larger trend with food prices, but peanut butter stands out because of how often many of us use it.
Since 1997 Adjusted for Inflation
If you look back to 1997, peanut butter cost around $2.48 per pound. Adjusted for inflation, that would be about $4.67 in 2025 dollars.
That’s a nearly 87% increase from the actual price you might pay today, showing prices have more than doubled in real terms.
The rise has been steady, averaging just over 2% annually. So, while it might feel like peanut butter got way pricier, some of that is just normal inflation at work.
Since the Pandemic Started
Since the pandemic hit in early 2020, peanut butter prices have steadily climbed. You might have noticed jars costing a bit more when shopping these past few years.
This rise is partly because families started buying more peanut butter for quick snacks and lunches while staying home. Plus, factors like weather issues and supply challenges pushed prices up.
By 2025, the average price per pound is around $2.48, up from about $2.05 in 2020. That means peanut butter costs roughly 21% more than it did at the pandemic’s start.
