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.
| Main Authors: | , , |
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| Format: | Working Paper biblioteca |
| Language: | English English |
| Published: |
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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