Food prices hit a low

We talked about food prices in the past slides, but I hadn't realized how well we are doing on that front. It turns out that last fall they were at their lowest level in four years, a development that was no doubt widely appreciated if not much remarked upon. Even so, though, Europe seems to be in an economic doldrums. I'm not a macroeconomist so I won't speculate on what might be keeping them down, but this would imply that the problem isn't just consumers with tight budgets....