For example, the White House and progressive groups said last summer’s Inflation Reduction Act will aid Black Americans.

But we wanted to go to one of our HBCU Houses to check whether the White House press on the Inflation Reduction Act and its impact on the Black community was substance – or show.

While quarterly inflation rates showed a "quantitatively small" difference between Black and white households—Lee said there was an average of about 0.82 percent from 2004 to 2020 for Black ...

According to the data, race is self- reported by households by one of four options: white, Black, Asian and other. Most households — 82.2% — identified as white and 10% identified as Black.

The study, published by the Federal Reserve Bank of Richmond, looked at inflation for Black compared to white households from 2004 to 2020 and found inflation is 13% more volatile for Black families.

For Hispanic Americans, it was roughly 0.6 percentage point higher than the national average. The reasons why inflation hits Black and brown people harder than others is simple.

Black and Hispanic Americans have been grappling with higher inflation rates than the national average since prices began surging in March 2021, according to a recent analysis from the Federal ...

The study, published by the Federal Reserve Bank of Richmond, looked at inflation for Black compared to white households from 2004 to 2020 and found inflation is 13% more volatile for Black families.

Inflation is causing Black Households across America to not ease their financial situation or build wealth, as their incomes have not risen at the same rate as the cost of common goods.

In 2022, shortly after inflation reached a 40-year high, the art collection of late Microsoft co-founder Paul Allen sold for a total of $1.5 billion at Christie’s New York, making it the most ...