Low-income families suffer higher inflation rates, paper finds

Household prices vary more widely than previously thought

Research conducted by the Federal Reserve Bank of Chicago, using data from 24,000 households, has found that inflation dispersion at the household level is bigger than previous research indicated.

In Inflation at the household level, Greg Kaplan and Sam Schulhofer-Wohl say their findings have implications for the measurement of income inequality. “Inflation is higher on average for lower-income households for the goods in our data, inequality in real incomes may be rising faster than inequality

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