Interplay Between Inflation and Income. A Thorough Investigation

Research Paper (undergraduate) from the year 2024 in the subject Economics - Other, grade: A, course: B.Com. Business Studies, language: English, abstract: This study explorers the intricate relationship between individual incomes across various economic classes and the impact of inflationary pressures on income dynamics. The primary objective of this research is to assess how inflation affects different socio-economic groups. By employing both quantitative and qualitative methodologies, the study evaluates the influence of inflation rates on diverse income brackets and demographic segments. The research also examines the role of government policies, particularly in relation to pensions and economic frameworks, in mitigating these effects. Additionally, the study investigates the impact of inflation on consumers purchasing power, revealing the inflation has considerably reduced their ability to meet essential expenses. Special focus was given to analyzing the differential effects of inflation across various economic sectors.