I dont know. I would think there is pressure on the powers that be to reduce commodity inflation over the next 12 months. Throw into that a cessation of events in Ukraine, everyone pushing for max output as prices encourage plantings, demand destruction of feed grains there are definite risks.
No, this is not the case. Once it has jumped up, they dont really need to worry about it. Better grain etc suddenly doubling then staying stable. They want to show there are external one-offs, rather than a sustained spiral of wages and prices rising.