Tag: inflation
Our new research associate, Diana Horvath, and I wanted to see whether the current high rates of inflation were hurting the poor more than the rich or vice versa. Indeed, researchers at the Bureau of Labor Statistics did such an exercise for the period 2003-2018. They found that because of differences in spending patterns the average annual increas…
Introduction In June, the U.S. Bureau of Labor Statistics (BLS) announced the largest 12-month increase in the Consumer Price Index for All Urban Consumers (CPI-U) since 1981 – a rate of 9.1 percent. The rise in inflation was driven primarily by higher prices for gasoline, housing, and food. Although inflation has moderated somewhat, it st…
