Poorer areas in US have higher food inflation – research
Low-income areas also have less disinflation after shocks pass, Atlanta Fed study finds
Poorer areas in the US are likely to experience higher food inflation owing to greater market concentration, researchers with the Federal Reserve Bank of Atlanta have found.
The working paper, published this month, says that between 2006 and 2020, annualised food inflation in poorer metropolitan areas was 0.46 percentage points higher than in richer ones. This amounted to a cumulative difference of 8.8 percentage points over the period. The study adds that poorer areas have fewer goods, less
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