The impact of inflation on education

Abstract

This paper explains about the impact of inflation on education. Inflation is burning issue which hinders the economic growth of the country. Inflation is dangerous because it directly impacts on standard of living of the people. The responsibility for government and politicians, economists is to protect/ safe guard common man from inflation. Inflation is price raise of goods and services, which decrease the purchasing capacity of the people. When the general price level rises, for each unit of currency fewer goods and services can be purchased. Consequently, the purchasing power of customer would gradually decrease. In this situation the real value of currency would loss, the value of goods and services will increase. The sample of the present study consisted of 13 people involved in different professions. Data were collected through survey method. Data of the present study are analyzed with bar diagram. The findings of the study led to the conclusion that inflation or price hike is closely related with education.