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ArticlePeer ReviewedOpen AccessPlagiarism Passed
Paper ID:10.55041/IJSREM17681

Inflation : Direct Effect on Middle/Lower Income Group

Stream/Area:

-

Subject:

-

Paper ID:

10.55041/IJSREM17681

Volume:

7 |

2 |

Feb 2023

Pages:

Publication Frequency:

Monthly (12 issues per year)

DOI
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Not assigned

License:International Journal of Scientific Research in Engineering and Management follows the Creative Commons Attribution 4.0 (CC BY 4.0) License, allowing free use and distribution with proper attribution.

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SK

SHIV KAPOOR

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Abstract

Achieving stable economic growth is a prerequisite for achieving sustained economic development. Price fluctuations develop an unpredictable environment that is not favorable to development activity. When prices rise, consumers must pay more than they did in the past. Non-essential commodities like alcohol and other vices will likewise cost extra in addition to essential goods. In this essay, the true impact of inflation is discussed. The author believes that inflation is perceived differently by different socio-economic demographics, and seeks to establish an inflation measure parameter for each defined demographic. Main factors assessed will include food, housing, and transportation.

KEYWORDS

Consumer price Index GDP deflator monetary policy Inflation.

Cite This Article

SHIV KAPOOR, "Inflation : Direct Effect on Middle/Lower Income Group," International Journal of Scientific Research in Engineering and Management, vol. 7, no. 2, Feb 2023. https://doi.org/10.55041/IJSREM17681

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5/1/2023

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The authors declare no conflict of interest related to this research work.

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