The headline inflation number in the Consumer Price Index is an average, and doesn't reveal much about how different households experience rising prices. There are real differences across income groups, or between rural and urban dwellers, for example.
Since 2021, Hispanic and Black Americans experienced slightly higher rates of inflation compared to white or Asian Americans, finds new research from theThe headline inflation number in the Consumer Price Index — which is at a super high 8.6% right now — is an average, and doesn't reveal much about how different households experience rising prices. There are real differences across income groups, or between rural and urban dwellers, for example.noted in May.
Meanwhile, Black Americans spend relatively more of their money on housing. With far lower rates of homeownership for Black and Hispanic households, it's perhaps not surprising that housing prices would be a bigger factor.
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