America's Insatiable HungerThe Pioneer Press of St. Paul, Minn., brings more dire economic news:
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.
This would mean that before the 1.5% increase, the typical family of four spent $3,533 a month, or a hair under $42,400 a year, on food. No wonder America has an obesity epidemic!
And yes, I checked Taranto's numbers myself.
More reason why you should have a calculator at your side when reading the news.
Food prices are going up, but you're not going to get a good gauge on the magnitude of the increase, not from a publication that doesn't know how percents work, or sloppy enough to not check such things.
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