Impact of Inflation of the Household Spending Power
A. Sulekha1, R. Francina Pracila Mary2, Tharmalingam3
1Dr. A. Sulekha, HOD Assistant Professor, Department of Commerce, V.L.B. Janakiammal College of Arts and Science, Coimbatore (Tamil Nadu), India.
2Dr. R. Francina Pracila Mary, Assistant Professor, Department of Commerce CS & IT, V.L.B. Janakiammal College of Arts and Science, Coimbatore (Tamil Nadu), India.
3A. Tharmalingam, Associate Professor, Department of Commerce CA, Sri Ramakrishna College of Arts & Science Coimbatore (Tamil Nadu), India.
Manuscript received on 04 February 2019 | Revised Manuscript received on 17 February 2019 | Manuscript Published on 19 February 2019 | PP: 8-11 | Volume-7 Issue-5S January 2019 | Retrieval Number: ES2115017519/19©BEIESP
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: Rise in inflation influences different category of people differently. From common man’s point of view inflation means increase in price of goods and services on day to day bases. People with fixed income employed in either public or private sector organisations or Self-employed, working in unorganised sector are considered as victims of rising inflation, as inflation influences the consumption, spending and investment practices of the households. This study aims to assess the relationship between inflation and individual household spending. The empirical findings of this study complement the economic theories and evidences that inflation also increases the cost of living, price of commodities and reduces the opportunities of getting goods jobs. This situation directly influences households’ income and their spending capacities.
Keywords: Household Income, Spending, Consumption Power and Inflation.
Scope of the Article: Low-power design