You won’t get an argument out of me on that. Food costs are being directly impacted by several factors... the largest being the manipulation of the food supply by the mandates for biofuels. Add to that the higher cost (in the US) of fuel to transport said food, and the crazy weather going on (flooding, failed crops, etc.)... They all add up to higher grocery costs. And for us in the US - a devalued dollar isn’t helping.
Agreed. While the diminished dollar is facilitating exports, there doesn't seem to be much hope of it strengthening anytime soon -- particularly given the political prospects.