Black Americans have grappled with more volatile inflation when compared to white households over the past several years, according to new research published Monday by the Federal Reserve Bank of Richmond. 

Study author Munseob Lee, an assistant professor of economics at the University of California San Diego’s School of Global Policy and Strategy, used race-specific household spending and price data from Nielsen to display the slight difference between inflation rates faced by Black and white households from 2004 to 2020….