Does Inflation hit the Poor hardest Everywhere?

Reducing poverty and improving equity
Dec 20, 2022 | Bruegel

Low-income households suffer most from high inflation, but in some European Union countries the inflation burden is felt more equally than others. Grégory Claeys Conor McCaffrey Lennard Welslau find that in most countries, high inflation leads to worse effects for low-income households, but the situation varies significantly across Europe. Each country has experienced its own confluence of contributing factors, including varying consumption patterns, price changes and national policies. The authors’ analysis for Bruegel shows that in countries that have recently experienced the highest rates of inflation, low-income groups face a much higher inflation rate than high-income groups. In October 2022, Latvia, Hungary, Lithuania and Estonia all experienced very high inflation as well as high inflation inequality.
https://www.bruegel.org/blog-post/does-inflation-hit-poor-hardest-everywhere

print button Print
Related Articles:

Popular Articles

Poverty as a Wicked Problem

The belief that poverty can be prevented by identifying and dealing with its causes, and the...  Read More

Is Mars Ours?

Jun 13, 2021 | The New Yorker, Adam Mann

NASA and China having landed mobile rovers on the surface of Mars has raised the question of...  Read More

Think Local and Act Global - A Conversation with GGF 2030 fellow Cara Stauß

Nov 15, 2018 | Global Policy,

World affairs, diplomacy and trade are no longer solely the domain of nation-states, as cities...  Read More

Global Extreme Poverty

According to household surveys, 44 percent of the global population lived in absolute...  Read More

Popular Videos

A Message from Alan Doss, President of the Kofi Annan Foundation

Highlights from the G20 Think Tank Summit GLOBAL SOLUTIONS in Berlin

Happy Birthday Kofi Annan!

T20 Summit GLOBAL SOLUTIONS – Sean Cleary

Global Trends, Risks and Rewards — Where Are We Now, Where Are We Going?