A STUDY TO EVALUATE INFLATION AND PRICE RISE: EFFECT ON COMMON MAN

NAME ADDRESS EMAIL ID OF THE CORRESPONDING AUTHOR:
Dr. Rajendra Kumar Mahore,
Department of Community Medicine,
MGM Medical College,
Indore, Madhya Pradesh.
E-mail: drrajendrakumarmahore@gmail.com

ABSTRACT: INTRODUCTION: Inflation is defined as a sustained increase in the general level of prices for goods and services. It is measured as an annual percentage increase. As inflation rises, every rupee you own buys a smaller percentage of a good or service. Inflation for the first hits the common man because inflation indicates hike in the price of general commodities what a common man have to use in his day-to-day life. AIMS & OBJECTIVE: To get an overview of the effect of inflation on general population and to measure the impact of inflation on general population in terms of their use of public transport, restaurants and multiplex cinema. METHODOLOGY: A cross-sectional observational study was carried out over 200 randomly selected people of different localities of Indore for duration of four months. Inclusion criteria- People more than 20 years of age. People less than 20 years of age and those not willing to take part in study were excluded from this study. Study was carried out using a pre-tested questionnaire, which included demographic questions and question related to use of public transport, going to Cineplex, use of restaurants and purchase of foreign products. The data was analyzed using appropriate statistical software. CONCLUSION: Based on this study over a sample of 200 people residing in different Localities of Indore, we reach to the conclusion that effect of Price inflation highly Restrict the Public in terms of utilizing their basic needs and day to day activities like Use of Public transport, Eating out at restaurants, Movie going habits, Purchase of food and daily use items, Restricted Purchase of Quality products, Impact on electricity bill, house rent, and telephone bills, Medical expenses etc.
KEYWORDS: Inflation, Common man, Prices, Hike, Basic needs.