An analysis of food inflation in India

The study on effect of inflation on common man in an economy is so vital in the present situation. As the requirement of the people is ever increasing on various goods and services, the continuous increase in prices of goods and services affect their purchasing power and their life. The study on effect of inflation on common man in an economy is trying to highlight on the issue relating to the failure of the people to buy various basic needs of life. For over a long period of time, the prices of essentials, comforts and luxuries are increasing.

It is assumed that the price of the commodity will continue to maintain the upward march since the developing countries are maintaining a very strong growth momentum motivated by the by robust consumption.

The paper attempts to study on the effect of inflation on poor and middle class people. The cost incurred in buying of goods and services to be analyzed. In particular, the cost of food articles, oil products and manufacturing products etc., are to be analyzed. The secondary data has been collected for analyzing the effect of inflation on a common man All the efforts taken in controlling inflationary pressure is not effective due to continuous increase in the price of oil products in abroad.