Category Archives: Inflation and low income households

Impact of Inflation on low income households

The Institute for Fiscal Studies has just published an interesting and accessible piece of research into the impact of inflation on different age groups and income levels. The research looked at differences in spending patterns and household-level inflation rates between different income groups. It found marked differences in spend between higher and lower income households. Lower-income households spent more on food, water and fuel and less on leisure goods and services than higher-income households. The report concluded  that these differences in spend patterns lead to high and low income households experiencing different inflation rates in any given year. The IFFS… Read more
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