The lowest-income households have experienced the highest level of inflation in recent years.
Lower-income people spend much of their income on items like food and housing, for which costs have spiked.
Moderating rental rates and steady wage growth could help these households feel relief.
Rising prices across the US economy have impacted every American over the past few years, but the lowest-income households have faced the greatest burden.
The dynamic is reflected in the chart below, which shows low-income inflation increases outpacing those for the other four quintiles since 2006, and over a nearer-term timeframe.