According to U.S. Bureau of Labor's Consumer Price index, petfood prices for the second quarter of 2008 rose by an average of 8% to 9% compared to a year ago.
As corn crops have been diverted to ethanol production, corn prices have risen affecting the cost of petfoods that have corn and grains as a primary ingredient.
Veterinarian Joseph Wakshlag, who also holds a Ph.D. and is assistant processor of clinical nutrition at Cornell University's College of Veterinary Medicine, estimates that consumers are paying, on average, 80 cents to $1 more for low-end dry petfoods and $2 to $3 more for high-end petfoods.
An article on Foster.com offered steps to save money while maintaining quality nutrition in petfood purchases:
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