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December U.S. Inflation Report Shows Increase: 5 Things Black America Needs To Know

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The new study found that Black families spend more on their income on essential goods that fluctuate more in price.

Black families experience higher and more volatile inflation, impacting prices on groceries and household essentials, according to a report published Monday with research from UC San Diego's School of Global Policy and Strategy.

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Black households encounter about 13.5 percent more inflation volatility than white households, researchers said.

Study author Munseob Lee, assistant professor of economics at UCSD, said Black families spend a larger portion of their income on essential goods and services,...

The study, published by the Federal Reserve Bank of Richmond, looked at inflation for Black compared to white households from 2004 to 2020 and found inflation is 13% more volatile for Black families.

Krista Johnson gets anxious when she thinks about the rising cost of gas, food and housing as she prepares to give birth to her daughter, who is due in August.

© Provided by Xinhua Food prices have had the biggest impact on our spending habits and consumer behavior. We buy only items that are on sale and try t