Who Suffers the Most from the Cost-of-Living Crisis ?
This paper constructs cost-of-living indexes for different groups of households to quantify the differences in the distribution of the burden of high inflation among the populations of countries in Europe and Central Asia. The analysis demonstrates that the cost-of-living crisis of 2022–23 has had a heterogeneous impact on European populations. Poor households appear to suffer the most from rising food and energy prices. Poverty and inequality rates and the profiles of the poor based on household-specific inflation rates systematically differ from those based on the standard consumer price index approach. Accounting for the variability of inflation rates across household types might help policy makers design policies that better protect vulnerable households and promote economic growth.
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| Format: | Working Paper biblioteca |
| Language: | English English |
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World Bank, Washington, DC
2023-04-10
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| Subjects: | INFLATION, COST OF LIVING, POVERTY, INEQUALITY, COST OF LIVING INDEX, BURDEN OF INFLATION, VULNERABLE HOUSEHOLD PROTECTION, |
| Online Access: | http://documents.worldbank.org/curated/en/099330104062314532/IDU030c0d9e0028c7043ae0a6ed02db23bde7115 https://openknowledge.worldbank.org/handle/10986/39654 |
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dig-okr-10986396542024-03-11T19:22:03Z Who Suffers the Most from the Cost-of-Living Crisis ? Lokshin, Michael Sajaia, Zurab Torre, Iván INFLATION COST OF LIVING POVERTY INEQUALITY COST OF LIVING INDEX BURDEN OF INFLATION VULNERABLE HOUSEHOLD PROTECTION This paper constructs cost-of-living indexes for different groups of households to quantify the differences in the distribution of the burden of high inflation among the populations of countries in Europe and Central Asia. The analysis demonstrates that the cost-of-living crisis of 2022–23 has had a heterogeneous impact on European populations. Poor households appear to suffer the most from rising food and energy prices. Poverty and inequality rates and the profiles of the poor based on household-specific inflation rates systematically differ from those based on the standard consumer price index approach. Accounting for the variability of inflation rates across household types might help policy makers design policies that better protect vulnerable households and promote economic growth. 2023-04-10T18:30:48Z 2023-04-10T18:30:48Z 2023-04-10 Working Paper http://documents.worldbank.org/curated/en/099330104062314532/IDU030c0d9e0028c7043ae0a6ed02db23bde7115 https://openknowledge.worldbank.org/handle/10986/39654 English en Policy Research Working Papers; 10377 CC BY 3.0 IGO https://creativecommons.org/licenses/by/3.0/igo/ World Bank application/pdf text/plain World Bank, Washington, DC |
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Banco Mundial |
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Estados Unidos |
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US |
| component |
Bibliográfico |
| access |
En linea |
| databasecode |
dig-okr |
| tag |
biblioteca |
| region |
America del Norte |
| libraryname |
Biblioteca del Banco Mundial |
| language |
English English |
| topic |
INFLATION COST OF LIVING POVERTY INEQUALITY COST OF LIVING INDEX BURDEN OF INFLATION VULNERABLE HOUSEHOLD PROTECTION INFLATION COST OF LIVING POVERTY INEQUALITY COST OF LIVING INDEX BURDEN OF INFLATION VULNERABLE HOUSEHOLD PROTECTION |
| spellingShingle |
INFLATION COST OF LIVING POVERTY INEQUALITY COST OF LIVING INDEX BURDEN OF INFLATION VULNERABLE HOUSEHOLD PROTECTION INFLATION COST OF LIVING POVERTY INEQUALITY COST OF LIVING INDEX BURDEN OF INFLATION VULNERABLE HOUSEHOLD PROTECTION Lokshin, Michael Sajaia, Zurab Torre, Iván Who Suffers the Most from the Cost-of-Living Crisis ? |
| description |
This paper constructs cost-of-living
indexes for different groups of households to quantify the
differences in the distribution of the burden of high
inflation among the populations of countries in Europe and
Central Asia. The analysis demonstrates that the
cost-of-living crisis of 2022–23 has had a heterogeneous
impact on European populations. Poor households appear to
suffer the most from rising food and energy prices. Poverty
and inequality rates and the profiles of the poor based on
household-specific inflation rates systematically differ
from those based on the standard consumer price index
approach. Accounting for the variability of inflation rates
across household types might help policy makers design
policies that better protect vulnerable households and
promote economic growth. |
| format |
Working Paper |
| topic_facet |
INFLATION COST OF LIVING POVERTY INEQUALITY COST OF LIVING INDEX BURDEN OF INFLATION VULNERABLE HOUSEHOLD PROTECTION |
| author |
Lokshin, Michael Sajaia, Zurab Torre, Iván |
| author_facet |
Lokshin, Michael Sajaia, Zurab Torre, Iván |
| author_sort |
Lokshin, Michael |
| title |
Who Suffers the Most from the Cost-of-Living Crisis ? |
| title_short |
Who Suffers the Most from the Cost-of-Living Crisis ? |
| title_full |
Who Suffers the Most from the Cost-of-Living Crisis ? |
| title_fullStr |
Who Suffers the Most from the Cost-of-Living Crisis ? |
| title_full_unstemmed |
Who Suffers the Most from the Cost-of-Living Crisis ? |
| title_sort |
who suffers the most from the cost-of-living crisis ? |
| publisher |
World Bank, Washington, DC |
| publishDate |
2023-04-10 |
| url |
http://documents.worldbank.org/curated/en/099330104062314532/IDU030c0d9e0028c7043ae0a6ed02db23bde7115 https://openknowledge.worldbank.org/handle/10986/39654 |
| work_keys_str_mv |
AT lokshinmichael whosuffersthemostfromthecostoflivingcrisis AT sajaiazurab whosuffersthemostfromthecostoflivingcrisis AT torreivan whosuffersthemostfromthecostoflivingcrisis |
| _version_ |
1794796958795169792 |