Food Price Inflation

[goingtothedo]

I heard on the news a couple of weeks ago, for the first time, that the economists are now starting to calculate inflation for food in a separate index to general inflation (I live in the UK, other countries probably use a slightly different set of indices).

 

I think this may be the start of global warming/climate change starting to "bite" the wealthy countries where they can't ignore it.

 

The causes of food inflation running higher than the general trend were; the Australian drought, conversion of areas where food is normally grown to productions of crops for green fuel e.g. ecodiesel etc and farmers in sundry other areas beginnning to find that conditions don't quite suit their traditional crops.

 

Anyone heard anything else relating to this? Or got any opinions?