Gender Discrimination in Inflation rates!!!

March 12th, 2007

The inflation rate for women is higher than that for men. The Consumer Price Index for products catering to women (jewellery, clothing, shoes, cosmetics, household appliances) is higher than for products targeting men. Year over year inflation rate in the US, for products catering to women is 18 times higher than the 0.8% for products for men.

The reason for the disparity is the higher demand for women’s products, which in turn is pushing the prices. Women have a higher rate of employment growth than men, more are living single- single women spend more on themselves than men, so there is more being spent on women’s jewellery and clothing thereby pushing the prices and finally leading to a higher inflation rate for women.

Entry Filed under: Finance/Accounting