Baumeister, Christiane; Kilian, Lutz - C.E.P.R. Discussion Papers - 2013
U.S. retail food price increases in recent years may seem large in nominal terms, but after adjusting for inflation … evidence that corn ethanol mandates have created a tight link between oil and agricultural markets. Rather increases in food … little to U.S. retail food price increases, because of the small cost share of agricultural products in food prices. There is …