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Inflation Addendum: Politics and Consumer Expectations in Metro and Non-Metro Areas

Author

Listed:
  • Coppess, Jonathan
  • Kalaitzandonakes, Maria
  • Ellison, Brenna

Abstract

In the upcoming presidential election, affordability and inflation are at the top of the public’s priority list (e.g., Saad, March 29, 2024; YouGov, August 13, 2024). Expectations about inflation are likely to remain important through November. For more than two years and across ten quarterly surveys of American consumers, the Gardner Food and Agricultural Policy Survey (GFAPS) has devoted significant attention to inflation and the increased costs of food (see, farmdoc daily, August 25, 2022; September 1, 2022; December 1, 2022; December 8, 2022; January 19, 2023; September 11, 2023; June 10, 2024; June 17, 2024; June 24, 2024; August 26, 2024; September 16, 2024). Research has found that inflation hits rural households harder and impacts them in different ways—much of it having to do with transportation costs—than urban or non-rural households (see e.g., D. Peters, July, 2022; S. Peters, September 2, 2022; Ivanova, December 2, 2021). To explore this issue further, we analyze U.S. consumers’ expectations for inflation across metro and non-metro areas, connecting the issue to consumers’ political preferences.

Suggested Citation

  • Coppess, Jonathan & Kalaitzandonakes, Maria & Ellison, Brenna, 2025. "Inflation Addendum: Politics and Consumer Expectations in Metro and Non-Metro Areas," farmdoc daily, University of Illinois at Urbana-Champaign, Department of Agricultural and Consumer Economics, vol. 14(172).
    • Handle: RePEc:ags:illufd:358434
    DOI: 10.22004/ag.econ.358434
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