Does Inflation Hit the Working Poor Hardest?

Professor Krugman says no:

"Inflation especially hurts the poor" has truthiness — it sounds like it should be true. But I don't see either evidence or a mechanism 4/

— Paul Krugman (@paulkrugman) December 11, 2021

THREAD

While The Conversation (July 14) says yes:

Swelling grocery bills are pummeling the poorest – who spend over a quarter of their incomes on food

 

Also at The Conversation, July 11:

Climate change is white colonisation of the atmosphere. It’s time to tackle this entrenched racism

 

So who knows?