What is driving the differences in inflation across U.S. regions?

Elainia Gupta and Leslie McGranahan
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Elainia Gupta: https://www.chicagofed.org/people/g/gupta-elainia

Chicago Fed Letter, 2023, vol. no 478, 8

Abstract: In this article, we explore differences in inflation dynamics across U.S. regions. Looking independently at the impact of consumption patterns and inflation by expenditure categories, we find that recent gaps across regions have existed largely because of different regional inflation rates for the housing category. Yet we also find that overall inflation is very highly correlated across regions.

Keywords: urban; rural; real estate; transportation (search for similar items in EconPapers)
JEL-codes: E31 R10 R21 (search for similar items in EconPapers)
Date: 2023
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https://doi.org/10.21033/cfl-2023-478

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