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Debate Over Food Costs Not Just U.S. Issue

Germany's ag minister answers to his country's questions about inflation too.

While U.S. farmers may feel put upon these days for the "rising price of food" it's not just a local issue anymore. Around the world, rising commodity prices and subsequent boosts in retail costs for food have a lot of groups up in arms.

Dow Jones reports that Germany's Agriculture Ministry has issued a statement that rising food costs aren't a major contributor to overall cost-of-living increases in that country. According to a ministry statement, food costs have gone up at a slower rate than overall consumer costs.

The ag ministry notes that consumer prices rose an average 2% a year between 1991 and 2006. During this period, food costs have only gone up 0.9% annually for the country. The statement also notes that from December 2006 through November 2007, consumer prices were up 2% while food prices rose less than 0.3%.

An increase in general inflation in Germany has been blamed in part due to rising food costs, but these statistics deny that claim.

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