The differential rate of inflation between the poor and the rich following the introduction of the euro
The differential rate of inflation between the poor and the rich following the introduction of the euro
Οικονομία & Αγορές
02 Απριλίου 2007
• Over the period 1990-2007, there is no difference in the average inflation the two groups face, although after 1/1/2001, in 54 months the poor faced a higher inflation than the rich, whereas in only 19 months the rich faced a higher inflation than the poor.
• Since the introduction of the euro in 1/1/2001, the poor face greater inflation uncertainty than the rich and this may explain their discontent with the euro.
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