NEW YORK—On Wednesday, January 18, 2023 at 11am EST, the Federal Reserve Bank of New York will release a three-part research series on its Liberty Street Economics blog exploring inflation inequality – disparities in the rates of inflation experienced by different demographic and economic groups.
The new series builds on the recurring Liberty Street Economics research series about Economic Inequality , which highlights differences in economic outcomes and policy impacts by race, gender, age, geography, income, education, and other factors. The upcoming blog posts will revisit findings from a previous June 2022 blog post , which found that inflation inequality has inc7reased across racial and ethnic groups. This new series will provide additional estimates of differential inflation rates across groups based on income, education, age, and geographic location and will update estimates using the latest available data. The blog authors construct their own measures of demographic inflation using data from the Bureau of Labor Statistics (BLS) Consumer Expenditure Survey (CEX) and the Consumer Price Index (CPI) between June 2019 and December 2022.
The latest series will feature the following posts:
"Inflation Gap for Hispanic and Middle-Income Households Narrowing" analyzes disparities in inflation rates across racial, ethnic, and income groups.
"Young, Less Educated Faced Higher Inflation in 2021—Gaps Now Dissipating" discusses disparities in inflation rates by educational attainment and age.*
"Rural Households Hit Hardest by Inflation" explores inflation disparities across geography including the U.S census region and urban versus rural households.
Press Call on Economic Inequality Research Series on Inflation Disparities:
A background press call will take place on Wednesday, January 18 at 10:00 AM EST to provide further context on the blogs. Journalists interested in participating should RSVP to Connor Munsch at Connor.Munsch@ny.frb.org .
*The title of this blog post was updated on January 11, 2023.
