CBCS publishes study on inflation’s impact on different income groups
Food, housing, and gasoline prices weigh more heavily on lower-income groups
WILLEMSTAD/PHILIPSBURG – Inflation, broadly defined as the general increase in prices of goods and services over time, affects the purchasing power of consumers. However, not all consumers are affected equally. A new study by the Centrale Bank van Curaçao en Sint Maarten (CBCS) finds that, in Curaçao, the effects of inflation differ significantly across income groups, with the lowest-income groups experiencing the greatest burden.
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