Ethanol’s impact on food prices was minimal, says CBO report
An April 2009 report by The Congressional Budget Office (CBO) estimates that from April 2007 to April 2008, the rise in the price of corn resulting from expanded production of ethanol contributed between 0.5 and 0.8 percentage points of the 5.1 percent increase in food prices measured by the consumer price index (CPI).
Over the same [...]