Let me conclude with some thoughts on the way forward so that the food economy does not pose a major constraint on the path of non-inflationary growth that could be sustained over the medium- to long-term.
Thus, the most likely outcome is that the recent rise  3  The Survey of Professional Forecasters projects PCE inflation to run at about 1-1/2 percent in 2011 and to subsequently rise gradually to nearly 2 percent by 2013.