Drought in the west and heavy rains in the midwest caused a shortage in this year's pumpkin crop, says Phil Lempert, also known as the Supermarket Guru. This has caused an increase in prices. This year's crop has been more successful so he doesn't expect a shortage next year. However, he does argue that continued drought and bad weather will cause food prices to rise overall.
Libby's, owned by Nestle, has 85% of the pumpkin market.
Music Break: The Girl From Ipanema Meditation by Denny McLain