Maine businesses and residents feel inflation’s bite

Inflation is an economywide problem, but much of the harm will fall on those already struggling to make ends meet, said Arthur Phillips, economic policy analyst at the Maine Center for Economic Policy.

“It’s not affecting families equally,” Phillips said.

Low- and fixed-income families are feeling the effects most acutely, he said, in part because price increases have been most heavily concentrated among everyday essentials.

Click here to read the full story, first published February 14, 2022, in the Portland Press Herald.