Impact Of Inflation On Daily Household Expenses: A Study Of Middle-Class Families Residing In Shivane, Pune

Nidhi Sanjay Chaudhari; Prof. Minakshi Chauthamahal

Impact Of Inflation On Daily Household Expenses: A Study Of Middle-Class Families Residing In Shivane, Pune

Author : Nidhi Sanjay Chaudhari, Prof. Minakshi Chauthamahal Journa Name: International Journal for Novel Research in Economics, Finance and Management Volume: 4 issue: 3 Year: Volume-4-issue-3 Views : 1

Abstract:

This study focuses on understanding how inflation affects the every day family costs of middleclass families living in Shivane, Pune. Inflation has led to a continuous increase in prices of essential products such as food, fuel, rent, and utilities, which directly impacts family budgets. The study is based on essential data collected through a structured survey from 100 respondents. The findings appear that most families have experienced a critical rise in costs, particularly in basic supplies and transportation. Due to this, many families have decreased non-essential spending, changed their buying habits, and faced trouble in maintaining savings. The study concludes that inflation has made budgetary pressure on middle-class families and has affected their overall monetary stability.