Black, Hispanic Households Faced Higher Inflation in 2021-2022
Written by Black Hot Fire Network on May 27, 2023
Black and Hispanic households faced higher inflation than the national average in 2021 and 2022, according to a study from the Federal Reserve Bank of New York, but the gaps have now reversed.
When costs of living started to spike in the US two years ago, differences emerged among demographic groups. That was mainly because Black and Hispanic consumers tend to spend a larger share of their budgets on used cars and gas, two items that saw prices soar at . . .
