The food inflation crisis in the developing world has been front-page news. But spiraling food prices are much of a developed world problem, too.
The highest inflation in 50 years has forced them to change their shopping and eating habits—including cutting back on how much they tuck away at meals.
Call it “dietflation”.
The chart is talking about 5% of annual income per month on a mortgage, ie, 60% of annual income on a mortgage over the whole year. Which means you are spending under half of the average; which is absolutely where you should be!
The chart uses very funky units.