A chart showing inflation based on income-specific consumption baskets, adjusted for changes in spending patterns during the COVID-19 pandemic. While prices were rising more for low-income Americans than high-income Americans through most of 2020, in 2021 that pattern has reversed, with inflation hitting more affluent Americans harder.
Note: Chart shows Consumer Price Index inflation based on consumption baskets for Americans in the highest and lowest income quintiles adjusted for changes in spending during the COVID-19 pandemic.