Question

why does inflation hit poor hard ?

Answer 1



Dr.narendra Kumar Shrivastava asked in Social Science

why does inflation hit poor hard ?

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Charu Kalra answered this
10115 helpful votes in Social Science, Class X

The following points may help you:

a. Inflation is basically increase in the general prices of goods and services.
b. Inflation largely impacts the poor as they are the ones who are poverty ridden who are not able to manage basic necessities of life.
c. Increase in prices of basic commodities puts additional pressure on him.
d. Due to hike in prices poor become the worst target as they cannot afford.
e. They are unable to get access of food and at times are forced to engage in beggary, other social crimes, even commit suicide.
 





Because it is possible to say that it is a poor hard so that it makes the inflation

Answer 2

1- It puts additional pressure on poor.

2- They are unable to fulfill their own needs and engage in beggary , other social crimes and something may commit suicide