Detailed market commentary at The Market Ticker
(The Year 2012 In Review)
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|User Info||We Lie With Statistics: MSM (Inflation); entered at 2012-02-09 00:41:19|
"The CPI index says that for a "median" family about 15% of your budget will go to "food and beverages", with 7.8% of it being "food at home." For a median income of $50,000 this is $3,900 a year, or $325 a month."|
I read this to mean that a family would spend $7,500 per year on food, total (15% of 50k). That works out to $625 per month, which would be adequate even for a family of four if it were all spent on food at home. However, only about half of that money is spent at home; only $325 per month of it. The other $300 per month, per the CPI index, is eaten out. That would make things more difficult.
The problem of course is that so many things are going up in price, so families are stuck taking money from their food budget to spend elsewhere.