How inflation varies across Spanish households

Henrique S. Basso
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Henrique S. Basso: BANCO DE ESPAÑA
Authors registered in the RePEc Author Service: Henrique S. Basso and Myroslav Pidkuyko

No 2307, Occasional Papers from 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.

Keywords: inflation inequality; household expenditure; household-level inflation (search for similar items in EconPapers)
JEL-codes: D12 E21 E31 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2023-03
New Economics Papers: this item is included in nep-eec, nep-mac and nep-mon
References: Add references at CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:bde:opaper:2307

DOI: 10.53479/29792

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