Inflation may be coming down but its unequal effects can still have a big impact on wellbeing
The Conversation UK
Who’s right about price inflation? Everyone. The point is that inflation is not the same for everyone.
Over the same period, and in the same country, different people experience different inflation rates. This is an acknowledged economic fact known as inflation inequality.
In theory, people who are the most exposed to inflation should be the ones who endure a larger wellbeing loss as prices rise. In a recent study, I showed this, using data from France’s official consumer confidence survey.