There's always worse. Expect food prices to go up by 7 to 9% next year. Farmers will be trying to make up for rising prices of fuel, feed and fertilizer. Between the lay offs and foreclosures we now have increases in food. And if that wasn't bad enough expect power rates to go up as energy prices go back up. I guess it's time to plant that deck veggy garden. I tried starts inside with grow lights one year without much success.
Higher food costs
The scary thought in all of this is that if farmers can't make money because of costs they may be forced to cut back and increase prices more. You may recall the shortages in rice a few months back. Prices in Asia went to 80 cents or more per pound while the prices here were higher. We then saw prices here drop here as we imported large amounts. A drought anywhere around the globe could make things nasty.