Examining U.S. inflation across households grouped by equivalized income.
This document provides a comprehensive analysis of inflation rates across different income groups in the United States. It highlights that lower income households generally face higher inflation rates compared to higher income households, with the inflation gap being larger when measured with the Ch...
| Published in: | Monthly Labor Review pp. 1 - 26 |
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| Format: | Article |
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US Department of Labor
Jul2024
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| Subjects: | |
| Online Access: | View this record in EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=179150725&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 179150725 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00981818 MLR jtl: Monthly Labor Review issn: 00981818 maglogo: N pubinfo: dt: Jul2024 pid: 1929 pub: US Department of Labor artinfo: ui: 179150725 10.21916/mlr.2024.12 ppf: 1 ppct: 25 formats: fmt: @attributes: type: P size: 1.7MB tig: atl: Examining U.S. inflation across households grouped by equivalized income. aug: su: Consumption (Economics) Income Cost of living United States economy Purchasing power sug: subj: Consumption (Economics) Income Cost of living United States economy Purchasing power ab: This document provides a comprehensive analysis of inflation rates across different income groups in the United States. It highlights that lower income households generally face higher inflation rates compared to higher income households, with the inflation gap being larger when measured with the Chained Consumer Price Index. The document discusses the methodology used by the Bureau of Labor Statistics to calculate expenditure weights and price indexes, as well as the demographic characteristics and spending patterns of households in different income quintiles. It also presents a comparison of price changes for different expenditure categories based on spending shares of households in the lowest and highest income quintiles. The findings are based on data provided by the U.S. Bureau of Labor Statistics. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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