Factoids on Parade!
"Food inflation hit an 18-year high in April , with grocery prices rising 1.5 percent for the month, the government said Wednesday. Prices rose in every aisle--dairy, breads, meats, beverages, fruits and vegetables. It means $53 more a month to feed a family of four with a typical food budget."-- Pioneer Press of St. Paul, MN
05/15/2008 06:59:05 AM CDT
So, let's see what that means. If an an increase of 1.5% means an increase of $53 per month,
then 1.5% of X = $53 and X = $53/1.5%
So, the average MONTHLY food budget for a family of four in 2008 was X = 53/0.015 = $3,533.33
This means the average family of four was spending 12X = $42,400/yr on food, which is more than the average family was bringing home.
TOF was not sure whether to classify this under
- fake news
- fun facts
- The madness continues
- we're all gonna die!