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How the Effects of Inflation on Households Varied by Income, 1984 to 2022: Working Paper 2025-04

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  • Dorian Carloni

Abstract

Households at different points in the income distribution consume different bundles of goods and services. Changes in the prices of those goods and services differ from year to year, causing variations (on an annual basis and over longer periods) in the price of a typical consumption bundle purchased by households at different income levels. In this paper, the Congressional Budget Office estimates how the price of households' consumption bundles changed between 1984 and 2022. To do so, CBO used publicly available data from the Consumer Expenditures Survey and imputed

Suggested Citation

  • Dorian Carloni, 2025. "How the Effects of Inflation on Households Varied by Income, 1984 to 2022: Working Paper 2025-04," Working Papers 61549, Congressional Budget Office.
    • Handle: RePEc:cbo:wpaper:61549
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    File URL: https://www.cbo.gov/system/files/2025-08/61549-Inflation.pdf
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    More about this item

    JEL classification:

    • D30 - Microeconomics - - Distribution - - - General
    • 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

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