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The standard deviation of inflation rates over the period 2004-2020 was 0.84 for Black households and 0.74 for White households. In other words, Black households faced 13.5 percent higher inflation volatility, making it more difficult to predict and recalibrate their consumption and savings.

The standard deviation of inflation rates over the period 2004-2020 was 0.84 for Black households and 0.74 for White households. In other words, Black households faced 13.5 percent higher inflation volatility, making it more difficult to predict and recalibrate their consumption and savings.