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Do Black Households Face Higher and More Volatile Inflation?, No. 22-25

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Do Black Households Face Higher and More Volatile Inflation?, No. 22-25

DATE: July 2022

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ABSTRACT: Inflation affects different households in different ways. I use detailed data on spending in retail outlets by Black and White households in the U.S. and study the racial inflation disparity. I find that Black households experienced slightly higher and significantly more volatile inflation in consumer goods from 2004 to 2020 compared to White households. More than two-thirds of the difference in inflation volatility can be explained by the fact that Black households are disproportionately more likely to consume goods with volatile prices.

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Lee, Munseob and Federal Reserve Bank of Richmond. "Do Black Households Face Higher and More Volatile Inflation?, No. 22-25," Economic Brief (July 2022). https://fraser.stlouisfed.org/title/6034/item/619225, accessed on April 1, 2023.

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DIGITAL COPY SOURCE: Federal Reserve Bank of Richmond

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