Newly issued consumer price index data show that food price inflation was just 1.8% last year, the second-lowest growth rate in the past two decades, disproving allegations by food manufacturers that ethanol production and the Renewable Fuel Standard are pushing up food costs, writes Geoff Cooper, vice president of research and analysis for the Renewable Fuels Association. Since the RFS came into being in 2005, annual food price inflation has averaged 2.8%, below the 2.92% average of the past 25 years, Cooper points out.

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