Primerica Household Budget Index™: Inflation Continues to Disproportionately Impact Middle-Income Americans, Continuing an 18-Month Trend
The latest Primerica Household Budget Index™ (HBI™) reveals that middle-income households continue to face significant inflation pressures. The index showed purchasing power for necessities declined to 99.7% in January, dropping 0.6% month-over-month, though up 0.3% year-over-year.
Key factors impacting household budgets include:
- Auto insurance costs rose 2.2% monthly and nearly 12% annually
- Gasoline prices increased 1.8% in January after previous declines
- Utilities costs continued to rise
While the general Consumer Price Index (CPI) showed 3.0% inflation in January, the adjusted impact on middle-income households was 3.6%. For necessity items specifically, the adjusted CPI increase was 4.4% year-over-year, highlighting the disproportionate impact on middle-income families.
Il Primerica Household Budget Index™ (HBI™) più recente rivela che le famiglie a medio reddito continuano a fronteggiare pressioni inflazionistiche significative. L'indice ha mostrato che il potere d'acquisto per le necessità è sceso a 99.7% a gennaio, con un calo di 0.6% rispetto al mese precedente, anche se in aumento del 0.3% rispetto all'anno scorso.
I fattori chiave che influenzano i budget familiari includono:
- I costi dell'assicurazione auto sono aumentati del 2.2% mensilmente e quasi del 12% annualmente
- I prezzi della benzina sono aumentati dell'1.8% a gennaio dopo precedenti cali
- I costi delle utenze continuano a salire
Sebbene l'indice generale dei prezzi al consumo (CPI) abbia mostrato un'inflazione del 3.0% a gennaio, l'impatto corretto sulle famiglie a medio reddito è stato del 3.6%. Per gli articoli di necessità in particolare, l'aumento corretto del CPI è stato del 4.4% rispetto all'anno precedente, evidenziando l'impatto sproporzionato sulle famiglie a medio reddito.
El Primerica Household Budget Index™ (HBI™) más reciente revela que los hogares de ingresos medios continúan enfrentando presiones inflacionarias significativas. El índice mostró que el poder adquisitivo para necesidades cayó a 99.7% en enero, disminuyendo 0.6% mes a mes, aunque aumentó 0.3% año tras año.
Los factores clave que impactan los presupuestos familiares incluyen:
- Los costos del seguro de auto aumentaron 2.2% mensualmente y casi 12% anualmente
- Los precios de la gasolina aumentaron 1.8% en enero después de caídas anteriores
- Los costos de servicios públicos continuaron aumentando
Aunque el índice general de precios al consumidor (CPI) mostró una inflación del 3.0% en enero, el impacto ajustado en los hogares de ingresos medios fue del 3.6%. Para los artículos de necesidad específicamente, el aumento ajustado del CPI fue del 4.4% año tras año, destacando el impacto desproporcionado en las familias de ingresos medios.
최근 프라이메리카 가계 예산 지수™ (HBI™)는 중간 소득 가정이 여전히 상당한 인플레이션 압박에 직면해 있음을 보여줍니다. 이 지수는 필수품의 구매력이 1월에 99.7%로 감소했으며, 전월 대비 0.6% 포인트 하락했지만, 전년 대비 0.3% 포인트 상승했습니다.
가계 예산에 영향을 미치는 주요 요인은 다음과 같습니다:
- 자동차 보험 비용이 매달 2.2% 증가했으며, 연간으로는 거의 12% 증가했습니다.
- 가솔린 가격은 이전 하락 후 1월에 1.8% 상승했습니다.
- 공공요금 비용이 계속 상승하고 있습니다.
일반 소비자 물가 지수(CPI)는 1월에 3.0%의 인플레이션을 보여주었지만, 중간 소득 가정에 대한 조정된 영향은 3.6%이었습니다. 특히 필수품의 경우, 조정된 CPI 증가율은 전년 대비 4.4%로, 중간 소득 가정에 대한 불균형한 영향을 강조합니다.
Le dernier Primerica Household Budget Index™ (HBI™) révèle que les ménages à revenu moyen continuent de faire face à des pressions inflationnistes significatives. L'indice a montré que le pouvoir d'achat pour les nécessités a chuté à 99.7% en janvier, enregistrant une baisse de 0.6% par rapport au mois précédent, bien qu'il ait augmenté de 0.3% par rapport à l'année précédente.
Les facteurs clés impactant les budgets des ménages incluent :
- Les coûts de l'assurance automobile ont augmenté de 2.2% mensuellement et de près de 12% annuellement
- Les prix de l'essence ont augmenté de 1.8% en janvier après des baisses précédentes
- Les coûts des services publics ont continué d'augmenter
Alors que l'indice général des prix à la consommation (CPI) a montré une inflation de 3.0% en janvier, l'impact ajusté sur les ménages à revenu moyen était de 3.6%. Pour les articles de nécessité en particulier, l'augmentation ajustée du CPI était de 4.4% d'une année sur l'autre, soulignant l'impact disproportionné sur les familles à revenu moyen.
Der Primerica Household Budget Index™ (HBI™) zeigt, dass Haushalte mit mittlerem Einkommen weiterhin erheblichen Inflationsdruck ausgesetzt sind. Der Index zeigte, dass die Kaufkraft für notwendige Dinge im Januar auf 99.7% gesunken ist, was einem Rückgang von 0.6% im Vergleich zum Vormonat entspricht, jedoch um 0.3% im Jahresvergleich gestiegen ist.
Wichtige Faktoren, die die Haushaltsbudgets beeinflussen, sind:
- Die Kosten für Auto-Versicherungen stiegen monatlich um 2.2% und jährlich um fast 12%
- Die Benzinpreise stiegen im Januar um 1.8% nach vorherigen Rückgängen
- Die Kosten für Versorgungsleistungen stiegen weiterhin
Obwohl der allgemeine Verbraucherpreisindex (CPI) im Januar eine Inflation von 3.0% zeigte, betrug der angepasste Einfluss auf Haushalte mit mittlerem Einkommen 3.6%. Für notwendige Artikel betrug der angepasste Anstieg des CPI im Jahresvergleich 4.4%, was die unverhältnismäßige Auswirkung auf Familien mit mittlerem Einkommen hervorhebt.
- Purchasing power increased 0.3% year-over-year
- Purchasing power for necessities fell 0.6% month-over-month to 99.7%
- Auto insurance costs surged 12% year-over-year
- Gasoline prices reversed downward trend, rising 1.8% in January
- Middle-income households face higher inflation (4.4%) than general population (3.0%)
The latest Primerica Household Budget Index™ (HBI™), a monthly economic snapshot measuring the impact of inflation on middle-income households alongside their wages, found the average purchasing power for necessities fell to
The rising cost of auto insurance, gasoline and utilities accounted for the most recent erosion in purchasing power demonstrated by the HBI™ in January. Gasoline prices, which had been falling, reversed course in January rising
“Household necessity goods reflected in the Household Budget Index™ account for over
The Consumer Price Index (CPI) that measures inflation for a comprehensive basket of goods for all
Further narrowing the CPI to assess the impact of inflation on the cost of middle-income household necessity items as used in the HBI™ (food, utilities, gas, auto insurance, and health care) the estimated adjusted CPI measure shows an increase of
For more information on the Primerica Household Budget Index™, visit www.householdbudgetindex.com.
About the Primerica Household Budget Index™ (HBI™)
The Primerica Household Budget Index™ (HBI™) is constructed monthly on behalf of Primerica by its chief economic consultant Amy Crews Cutts, PhD, CBE®. The index measures the purchasing power of middle-income families with household incomes from
The HBI™ uses January 2019 as its baseline, with the value set to
Periodically, prior HBI™ values may be modified due to revisions in the CPI series and Consumer Expenditure Survey releases by the
About Primerica, Inc.
Primerica, Inc., headquartered in
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Source: Primerica, Inc.
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