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Black communities have been “disproportionately hit” by inflation.

May 24 2022

Black communities have been “disproportionately hit” by inflation.According to a report from the U.S. Bureau of Labor Statistics, inflation reached 8.5% in March—the highest since 1981—which has made it harder for people to afford daily necessities like food, gas, and rent. Just like most economic downturns, including the Great Recession and the pandemic, Black communities are getting “disproportionately impacted.” In fact, a Bank of America report shows that Black households are currently spending more of their post-tax income on food and energy. According to a public policy expert, the wealth gap makes inflation especially harmful to Black communities since White households have more than $800,000 more in net worth than Black households. In the last few months, activists and community leaders have been stepping up to support Black communities. Black-owned, Atlanta-based nonprofit Hosea Helps distributes meals and offers rental and utilities assistance. According to the organization’s CEO, they’ve seen an increase in the amount of people who need food. YouTuber Denise Jordan is using her channel to help Black Americans by giving tips on how to make do with less as prices continue to rise. Meanwhile, organizations like Brooklyn’s Black Lives Matter chapter are growing community gardens as healthy and organic foods at grocery stores become more expensive. (NBC News)