The dynamic is reflected in the chart below, which shows low-income inflation increases outpacing ... most notably food and housing. "Lower-income households spend more of their money on ...

Meanwhile, there were some bright spots in the CPI report, such as shelter. The 4.6% annual inflation rate for housing in December was the lowest since January 2022. As the largest component of ...

"Lower-income households spend more of their money on necessities, so if categories like food, housing, and utilities are experiencing faster price growth, these households will be hardest hit," ...