Influence of Inflation on Common Man- A Study

Abstract

Inflation is a steady rise in the overall cost of goods and services. It affects everyone in society, but it has the most effect on the average person. By seeking at how inflation affects people's buying power, savings, spending habits, and mental health, this research looks at how inflation affects common people's daily lives. Applying a descriptive method that included both secondary data and replies from 120 people. The research shows that inflation greatly lowers people's buying power and makes it harder for families to budget, which puts lower- and middle-income families under a lot of financial stress. The study ends with proposals for policies that might help lessen the negative consequences of inflation on common people.