Volume : VI, Issue : VIII, August - 2016

Inflation and its impact on the common man

Dr. M. Rajesh

Abstract :

 Inflation seemed to be a chronic problem in many parts of the world. There is a wide spread recognition that inflation results in inefficient resource allocation and hence reduces potential economic growth. Inflation imposes high cost on economies and societies; disproportionately hurts the poor and fixed income groups and creates uncertainty throughout the economy and undermines macroeconomic stability. High inflation has always penalized the poor more than the rich because the poor are less able to protect themselves against the consequences, and less able to hedge against the risks that high inflation poses. Lowering inflation therefore, directly benefits the low and fixed income groups. The present study made an attempt to assess the issues relating to inflation such as relationship between money supply and inflation, impact of inflation in general and particularly on common man, measures of inflation, food inflation. Trends in inflation (CPI) over a period of time and also on current status of inflation in India.

Keywords :

Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

Dr.M.Rajesh Inflation and its impact on the common man Indian Journal of Applied Research,Volume : 6 | Issue : 8 | August 2016

Number of Downloads : 1065

References :

<p><pre></pre></p>