CNN BUSINESS | Black and Hispanic Americans are getting hit harder by inflation. Here’s why

New York (CNN Business) – Many Americans are struggling to cope with higher prices for food, gas, housing and other essentials. But inflation has taken an even heavier toll on certain segments of the population.

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 Reserve Bank of New York. That’s a shift from the pre-pandemic period, when Black and Hispanic Americans’ inflation rates were at or slightly less than the national average.  –read more–