The BBC did a story a few months ago noting that there is double digit food price inflation in the world (15 percent rate).
Food isn’t included in the inflation stats here in the US, but back in 2011 the story from Australia was that food price inflation was running at 15 percent.
I make up the grocery list every week and read the prices and packages when I shop.
Food prices are going up either by the same package costing more or a new smaller package costing the same or slightly less.
THE BIG CULPRIT IN THIS IS THE USE OF FOOD TO MAKE FUEL (EHTANOL).
No, dear boy, it is NOT. The whole ethanol-from-corn business is barely a blip on the federal spending problem.
Here's a clue.....making ethanol from corn INCREASES the total available amount of food. The only part of the corn that is usable for ethanol production is the carbohydrate fraction, which comprises about 1/3 of the total corn caloric value. Protein and fat fractions are sold and enter the economic food chain, largely as livestock feed supplement, but also as food additives. This is corn that WOULD NOT HAVE BEEN PLANTED without the "ethanol option".