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If a restaurant is gonna say "20% is the new 18%" I'm not gonna budge. It's a percentage. Food goes up then so does the tip.
I've always done 20% because it is easier back when 15% was the norm and in the vast majority of cases it was less than $1 difference. You are right that there is no reason to increase the percentage when the prices are rising anyway.
Also, basing the tip on the food cost is a stupid system in the first place. The waitress at the diner where a meal costs $10 is doing just as much work as the one at the high end restaurant that charges $50.