A Study of the Impact of Inflation on People’s lives in the Current Scenario

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Prof. Suresh Vasani
Prof. Suresh Vasani

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GJMBR Volume 23 Issue B5

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Since they typically live hand-to-mouth, poor households are disproportionately affected by inflation. Even modest price increases have a significant impact on poorer families’ consumption compared to wealthier families. In addition, unchecked inflation creates poverty traps. It forces low-income families to eat lower-quality food to prevent famine, which can have an impact on the cognitive development of their kids. Nowadays, that is a serious issue in our country, so the researcher has chosen that topic. The study is based on primary as well as secondary data, which was collected by a convenient sampling method from 203 respondents through a structured questionnaire in Saurashtra; The researcher used different tests and tools, including pilot surveys, a reliability test (the results of which are given below), and the above tools based on different objectives. The researcher used the Mann Whitney U test (U) for Gender and Place and the Kruskal Wallis test (H) in other cases. It is also seen that 63% of respondents say that inflation is increasing due Inflation has increased due to the current Russia-Ukraine war, and at present, there is a problem of inflation in most of the countries of the world because 85% of respondents agree with this sentence.

Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

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No ethics committee approval was required for this article type.

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Not applicable for this article.

Prof. Suresh Vasani. 2026. \u201cA Study of the Impact of Inflation on People’s lives in the Current Scenario\u201d. Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 23 (GJMBR Volume 23 Issue B5): .

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Inflation and its effects on people's lives and economies assessed in current research.
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GJMBR Volume 23 Issue B5
Pg. 29- 39
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Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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GJMBR-B Classification: (JEL): E31
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v1.2

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October 10, 2023

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English

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Since they typically live hand-to-mouth, poor households are disproportionately affected by inflation. Even modest price increases have a significant impact on poorer families’ consumption compared to wealthier families. In addition, unchecked inflation creates poverty traps. It forces low-income families to eat lower-quality food to prevent famine, which can have an impact on the cognitive development of their kids. Nowadays, that is a serious issue in our country, so the researcher has chosen that topic. The study is based on primary as well as secondary data, which was collected by a convenient sampling method from 203 respondents through a structured questionnaire in Saurashtra; The researcher used different tests and tools, including pilot surveys, a reliability test (the results of which are given below), and the above tools based on different objectives. The researcher used the Mann Whitney U test (U) for Gender and Place and the Kruskal Wallis test (H) in other cases. It is also seen that 63% of respondents say that inflation is increasing due Inflation has increased due to the current Russia-Ukraine war, and at present, there is a problem of inflation in most of the countries of the world because 85% of respondents agree with this sentence.

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A Study of the Impact of Inflation on People’s lives in the Current Scenario

Prof. Suresh Vasani
Prof. Suresh Vasani

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