I've noticed this too, and while I could be wrong, I think what is happening is that Graffiti counts every page view, while Google Analytics counts each unique visit to the site. From my brief tests, it seems that if I come to my site and visit 6 pages, Graffiti logs 6 views, but Google Analytics logs one visit to the site.
I've been using GetClicky for a little while to look at visitor data, and I really like that interface for seeing every page viewed on my site. Those numbers seem to line up more with what Graffiti shows.
Again, I *could* be wrong, but that's what seems to be going on to me.