Baumeister, Christiane; Kilian, Lutz - 2013
U.S. retail food price increases in recent years may seem large in nominal terms, but after adjusting for inflation … in the real price of oil. That link, however, appears largely driven by common macroeconomic determinants of the prices … little to U.S. retail food price increases, because of the small cost share of agricultural products in food prices. There is …
