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Aug. 5, 2022, 10:19 PM +07 By Carmen Sesin MIAMI — Higher prices for housing, food and gas are hitting Americans throughout the United States, but Latinos and Blacks are affected more by the current rise in inflation than the overall population, according to an analysis from the Federal Reserve Bank of New York. The growing cost of living has made it difficult for Cynthia Fabian, 48, of Miami, to get back on her feet after she lost her job at a major retailer at the beginning of the pandemic. She lost her home and then exhausted her savings paying for a motel room. Fabian eventually turned to a shelter and has been working odd jobs. But high inflation, including soaring rents, has made it impossible for her to move to her own apartment with the $1,500 budget she has. “I feel frustrated and angry that I haven’t been able to get out of this situation,” Fabian said. The greater impact on
Aug. 5, 2022, 10:19 PM +07 By Carmen Sesin MIAMI — Higher prices for housing, food and gas are hitting Americans throughout the United States, but Latinos and Blacks are affected more by the current rise in inflation than the overall population, according to an analysis from the Federal Reserve Bank of New York. The growing cost of living has made it difficult for Cynthia Fabian, 48, of Miami, to get back on her feet after she lost her job at a major retailer at the beginning of the pandemic. She lost her home and then exhausted her savings paying for a motel room. Fabian eventually turned to a shelter and has been working odd jobs. But high inflation, including soaring rents, has made it impossible for her to move to her own apartment with the $1,500 budget she has. “I feel frustrated and angry that I haven’t been able to get out of this situation,” Fabian said. The greater impact on
not caught up on rent, according to the Center on Budget and Policy Priorities, a nonpartisan research and policy institute. The pandemic has had a disproportionate effect on Latino and Black workers, and inflation is now making it difficult for them to catch up. Consumers paid significantly more for goods in June when prices shot up 9.1 percent from a year ago. It’s the biggest 12-month jump since 1981. Although fuel prices fell in July, it’s unknown if that trend will continue. Factory shutdowns, shipping shortages and Russia’s invasion of Ukraine have disrupted gas and food supplies. The rising food prices are causing food insecurity throughout the country. The number of people who reported having “high food insecurity” over the past 30 days returned to the level it was at the beginning of the pandemic when the country went into lockdown, according to an analysis by the Urban Institute, a Washington-based think tank. Food banks and pantries across the country are scrambling to meet demand as the long lines of cars that filled television screens at the beginning of the pandemic start to make a comeback. The statistics are reflected in what the Los Angeles Regional Food Bank has been grappling with for the past few months. Recommended WESTERN WILDFIRES Wildland firefighter killed battling blaze in Oregon U.S. NEWS Armed man who was at Capitol on Jan. 6 is fatally shot after firing into an FBI field office in Cincinnati “With the local unemployment rate decreasing from more than 20% at the height of the pandemic to the current 5% rate, we expected the demand for food assistance to decrease this year,” said Michael Flood, the food bank’s president and CEO. “But with the impact of inflation, we are now serving more people who are working — sometimes multiple jobs — and are struggling to make ends meet due in part to rising prices for food, fuel and other expenses.” Tony Luprecio, 66,
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