The period 2021-2023 saw prices rising at historically high rates. Using household scanner data for fast-moving consumer goods, we show that this was accompanied by historically high rates of inflation inequality. We document systematic increases in the relative prices of cheaper product varieties (‘cheapflation’) over this period, and show that this drove differences in household-specific inflation rates. After accounting for substitution effects and adjusting for non-homothetic preferences,

Tag-uri: Inflatie