Scribd
Upload
4 views1 page

Impact of Inflation on Poverty Levels

Rising prices reduce purchasing power and disproportionately impact people in poverty, as inflation increases costs of living while their incomes remain the same.

Uploaded by

Szammel Sarmiento
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
4 views1 page

Impact of Inflation on Poverty Levels

Rising prices reduce purchasing power and disproportionately impact people in poverty, as inflation increases costs of living while their incomes remain the same.

Uploaded by

Szammel Sarmiento
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

How does rising prices affect prices with ever -increasing poverty levels?

Poverty is defined as the state of a person lacking the amount of money that is socially

acceptable. Inflation is a phenomenon in which prices rise. this increase reduces the

ability to buy money which can significantly affect people who don’t have enough money

to start with. this is why the increase in prices is directly proportional to the increase in

the level of poverty

You might also like