Tiki’s right - it is the rises in the price of oil. And also other factors feeding into inflation of the currency.
In Australia, we have no significant ethanol industry, and no such subsidies, but the rises in food prices, and the general cost of living, are substantial.
There was a thread 2 weeks ago, on rising grain prices throughout the world, and low stocks of both rice and wheat, affecting consumers in Iran and Pakistan. Everyone in the same boat.
interesting.
well, isn’t our fed
and your equivalent supposed to take care of such details?