CBO estimates that between 1984 and 2022, changes in the price of household personal consumption expenditures were larger for lower-income households than for higher-income households.
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How the Effects of Inflation on Households Varied by Income, 1984 to 2022: Working Paper 2025-04

CBO estimates that between 1984 and 2022, changes in the price of household personal consumption expenditures were larger for lower-income households than for higher-income households.

    

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