Inflation’s ongoing impact evened out in 2022
Professor of Sociology David Peters says inflation hit rural households harder earlier in 2022, but its effects were similar in rural and urban areas by year’s end.
Tag: inflation
CATEGORIES: Publications and Accolades
Study by David Peters finds rural families are more vulnerable to inflation than urban families
The current wave of inflation has made rural families more vulnerable than urban families due to rising gasoline prices, higher fuel oil costs to heat their homes, and the ability to purchase less expensive used cars. Between June 2000 and 2022, rural household expenses rose by 18.5% overall, but earnings were not able to keep … Continue reading Study by David Peters finds rural families are more vulnerable to inflation than urban families