Authors :
Alexa M. Perez; Angel Grace Esguerra; Una Samuelle Alessandra A. Rigor; Jay Mark M. Baran; Andrea Maxine S. Manongsong; Lee Margaret F. Leonar; Melissa S. Ygay
Volume/Issue :
Volume 9 - 2024, Issue 5 - May
Google Scholar :
https://tinyurl.com/375yxf28
Scribd :
https://tinyurl.com/ue3a4bue
DOI :
https://doi.org/10.38124/ijisrt/IJISRT24MAY899
Abstract :
This study aimed to investigate the effects of
inflation on the cost of living among residents of
Barangay One in San Carlos. The primary objectives of
this study were to identify the impact of inflation on the
purchasing power of selected residents, assess changes in
lifestyle and standard of living, and raise awareness of
inflation within a specific barangay. The study employed
descriptive research methods, including a survey, to
gather rich and detailed insights into the experiences and
perspectives of residents regarding inflation’s effects on
their cost of living. The findings of this study contribute
to a better understanding of the specific effects of
inflation on the cost of living in the context of Barangay
One. This research revealed the extent to which inflation
influenced residents’ purchasing power, resulting in
changes in lifestyle and standard of living. Moreover, the
study highlights the need for increased awareness of
inflation among community members and emphasizes
the importance of local officials actively addressing the
economic conditions of the barangay. Based on these
findings, this research proposes sustainable solutions to
assist Barangay One in mitigating the negative impacts
of inflation. These solutions include implementing
financial literacy programs and fostering community-
based initiatives to enhance economic resilience.
Keywords :
Effects of Inflation, Cost Of Living, Purchasing Power, Financial Literacy, Economic Resilience, Barangay One, San Carlos City (B1SCC)
References :
- Bozkurt, A., Quartz, D. C., & Schneider, S. B. (2022). Influence of Inflation on Cost of Living among the Urban Residents in Turkey. Journal of Economics, 6(1), 1-10. https://doi.org/10.53819/81018102t5083
- Butiong, E. J., Gocalin, N., Garcia-Vigonte, F., & Abante, M. V. (2023, February 24). A Study on the Inflation and Unemployment of the Philippines through the Years. Available at SSRN4368961. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4368961
- Brukwicka, I., & Dudzik, I. (2021, September 29). Causes and effects of inflation in Poland. VUZFReview, 6(3), 119–125. http://dx.doi.org/10.38188/2534-9228.21.3.13
- Fernando, J. (2023, August 11). What It Is, How It Can Be Controlled, and Extreme Examples. Investopedia. https://www.investopedia.com/terms/i/inflation.asp
- González-Mariscal, M. (2019). Reloading the Price Revolution in Seville: Four Stages of High Inflation with Different Causes. In Mining, Money and Markets in the Early Modern Atlantic (pp. 287–311). Springer http://dx.doi.org/10.1007/978-3-030-23894-0_12
- Jaravel, X. (2021). Inflation inequality: Measurement, causes, and policy implications. Annual Review of Economics, 13, 599–629. http://dx.doi.org/10.1146/annurev-economics
- Olusola, B. E., Chimezie, M. E., Shuuya, S. M., & Addeh, G. Y. A. (2022). The Impact of Inflation Rate on Private Consumption Expenditure and Economic Growth—Evidence from Ghana. Open Journal of Business and Management, 10(04), 16011646. https://doi.org/10.4236/ojbm.2022.104084
- Pama, D. M. P., Peliglorio, H. L., & Pizarro-Uy, A. C. D. (2022, April 30). A Time-Series Analysis of Selected Economic Indicators Affecting Inflation in the Philippines: 2003-2020. Journal of Economics, Finance and Accounting Studies. http://doi.org/10.32996/jefas.2022.4.2.23
- Pascual, K. C. A., Dionisio, C. P., & Capulla, R.
(2020). The relationship of real Gross Domestic Product
(GDP), inflation, and unemployment in the Philippines
(1970-2011). International Journal of Research,9(2),
81-102 https://www.researchgate.net/publication/342871443_
The_relationship_of_real_Gross_Domestic_Product_GDP_
inflation_and_unemployment_in_the_Philippines_1970 2011
- Sugui, J. A. M., Montojo, P. M. N., & Bermudez, A. C. P. (2023). The Impact of Foreign Direct Investment, Inflation, Labor Force, and Population on Improving Living Standards in the Philippines. Journal of Economics, Finance and Accounting Studies, 5(3), 65-86. https://doi.org/10.32996/jefas.2023.5.3.6
This study aimed to investigate the effects of
inflation on the cost of living among residents of
Barangay One in San Carlos. The primary objectives of
this study were to identify the impact of inflation on the
purchasing power of selected residents, assess changes in
lifestyle and standard of living, and raise awareness of
inflation within a specific barangay. The study employed
descriptive research methods, including a survey, to
gather rich and detailed insights into the experiences and
perspectives of residents regarding inflation’s effects on
their cost of living. The findings of this study contribute
to a better understanding of the specific effects of
inflation on the cost of living in the context of Barangay
One. This research revealed the extent to which inflation
influenced residents’ purchasing power, resulting in
changes in lifestyle and standard of living. Moreover, the
study highlights the need for increased awareness of
inflation among community members and emphasizes
the importance of local officials actively addressing the
economic conditions of the barangay. Based on these
findings, this research proposes sustainable solutions to
assist Barangay One in mitigating the negative impacts
of inflation. These solutions include implementing
financial literacy programs and fostering community-
based initiatives to enhance economic resilience.
Keywords :
Effects of Inflation, Cost Of Living, Purchasing Power, Financial Literacy, Economic Resilience, Barangay One, San Carlos City (B1SCC)
