foodflation en · NOUN
Etymology
Blend of food + inflation.
Meanings
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(uncountable) The continuous rise in the price of food which is higher than the general inflation level.
Not long ago, before "foodflation," the restaurant operator would figure out menu prices by scribbling costs on a scrap of paper [...]
1991, Thomas F. Powers, Jo Marie Powers, Food service operations: planning and control:When I spoke to her three years ago, she said she was spending about $50 a week to feed her family of five. With foodflation, she now spends about $80-$100 a week to feed a family of five.
2010, John Wiley, Pat Foran, The Smart Canadian's Guide to Saving Money: