Economic Forcasting Survey from WSJ

The global surge in food and energy prices is being driven primarily by fundamental market conditions, rather than an investment bubble, say the majority of economists in the latest Wall Street Journal forecasting survey.
Fifty-one percent of the respondents said demand from China and India was the prime factor in soaring energy prices, and 41% said the demand was the chief contributor to rising food costs. Constraint in supply was cited second most often; 20% blamed supply problems for higher food prices, and 15% for increasing energy prices.
"It's a combination of demand and supply issues," said Joseph Carson of AllianceBernstein LP.

-Friday's edition of The Wall Street Journal