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How inflation varies across Spanish households

Author

Listed:
  • Irene Monasterolo

    (BANCO DE ESPAÑA
    URJC
    BANCO DE ESPAÑA)

Abstract

Inflation has distributional effects. Leveraging the data on consumption expenditure on goods across households provided in the Spanish Household Budget Survey we estimate household-specific inflation from 2006 to 2021 in Spain and analyse how it varies according to households’ known characteristics. We show that households with lower income and more members and whose head is less educated, older and male experience higher inflation. Lastly, we also depict the effects of the most recent price increases across households. The differences are substantial: in 2021, inflation for lower-income households (bottom quartile) was 2 percentage points higher than for higher-income households (top quartile), while for households whose head is over the age of 60 it was 1.5 percentage points higher than for younger households.

Suggested Citation

  • Irene Monasterolo, 2023. "How inflation varies across Spanish households," Occasional Papers 2307, Banco de España.
    • Handle: RePEc:bde:opaper:2307
    DOI: https://doi.org/10.53479/29792
    as

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    File URL: https://www.bde.es/f/webbde/SES/Secciones/Publicaciones/PublicacionesSeriadas/DocumentosOcasionales/23/Files/do2307e.pdf
    File Function: First version, March 2023
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    File URL: https://libkey.io/https://doi.org/10.53479/29792?utm_source=ideas
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    Cited by:

    1. Szwacka-Mokrzycka Joanna & Marzena Lemanowicz, 2023. "The Influence of Inflation on the Economic Situation of Households in Poland," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 119-132.

    More about this item

    Keywords

    inflation inequality; household expenditure; household-level inflation;
    All these keywords.

    JEL classification:

    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis

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