INFLATION IS HIGHER FOR THE POOR THAN FOR THE RICH

Seyfettin Gursel () and Aysenur Acar ()
Additional contact information
Seyfettin Gursel: Bahcesehir University Center for Economic and Social Research
Aysenur Acar: Bahcesehir University Center for Economic and Social Research

No 134, Research Briefs from Bahcesehir University, Betam

Abstract: Inflation calculated by Turkish Statistical Institute (TurkStat) captures inflation faced by a representative household since it covers all income and expenditure groups inTurkey. However, inflation faced by households of different income and expenditure groups may differ since different groups consume different baskets of goods and services. In this research brief, we calculated different price indices for each income quintile using the consumption data from Household Budget Survey (HBS) released by TurkStat for the period 2003-2012 (May). Findings indicate that poorer households face higher inflation than richer ones inTurkey. The poorest households (the lowest quintile) face higher inflation levels since price increases in food and energy (electricity, gas and other fuels) are above average increase in prices during this period. The inflation difference between the top income quintile and the lowest income quintile from 2003 to 2006 evolved in favor of the poor households. On the other hand, this trend was reversed against the poor households due to global food and energy price shocks since the second quarter of 2007.

Pages: 7 pages
Date: 2012-07
References: Add references at CitEc
Citations:

Downloads: (external link)
http://betam.bahcesehir.edu.tr/en/wp-content/uploa ... -Brief_Inflation.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://betam.bahcesehir.edu.tr/en/wp-content/uploads/2012/07/Research-Brief_Inflation.pdf [301 Moved Permanently]--> https://betam.bahcesehir.edu.tr/en/wp-content/uploads/2012/07/Research-Brief_Inflation.pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bae:rbrief:134

Access Statistics for this paper

More papers in Research Briefs from Bahcesehir University, Betam Contact information at EDIRC.
Bibliographic data for series maintained by Merve Akgul ().