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:
Feature
By Lindsay Beaton
For several years, the pet food industry has celebrated the market’s growth outpacing that of many other consumer goods categories, even during the pandemic.
Feature
By Lindsay Beaton
With both form and function, toppers are becoming a go-to for pet owners looking to jazz up their pets’ bowls.