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Inflation affects the purchasing power of households. This paper documents large, idiosyncratic inflation differences between households in their everyday shopping. Low-income households have experienced higher inflation in the last ten years, but the difference for richer households has been...
Persistent link: https://www.econbiz.de/10014316426
as usual. The contribution of household energy was nine times higher than in more normal times, albeit with a lower ….0% in May 2023 after 5.5% in April 2023. Prices for household energy increased by 17.4% year on year, followed by food and … non-alcoholic beverages (14.5%). As the share of food and household energy in consumption expenditure is strongly …
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spending from 2009 through 2012 that also allow us to control for household heterogeneity. We find that durables spending …
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I construct a novel measure of household uncertainty based on survey data for European countries. I show that household … uncertainty shocks are not universally like negative demand shocks. Notably, household uncertainty shocks are largely inflationary … role in the transmission of household uncertainty to inflation. I develop an Overlapping Generations New Keynesian model …
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expectations for disaggregated consumption categories, I find household expectations are disproportionately driven by beliefs about …
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