New household inflation measures yield “novel finding”
A paper proposing new household-level inflation measures finds a significantly negative relationship between mean inflation and inflation inequality across households. ‘Household Inflation Experiences in the US: A comprehensive approach,' published by the San Francisco Federal Reserve in late September, argues that the consumer expenditure survey (CEX), which provides the basis for the consumer price index (CPI), is inadequate.
The authors suggest that aggregating the data from the diary and
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