Open Access Journal Article

A study on the perception towards the impact of inflation of people of Gujarat state

by Kalpesh Gandhi a,*
a
Department of Commerce, Assistant Professor at Government Arts and Commerce College Jafrabad, Jafrabad, India
*
Author to whom correspondence should be addressed.
FEL  2024, 20; 2(3), 20; https://doi.org/10.58567/fel02030005
Received: 19 September 2023 / Accepted: 1 December 2023 / Published: 15 January 2024

Abstract

Economy has various stages which have been described as economic cycle and due to that the circulatory movement observed, some have faster cycle some have longer cycle which depends on numbers of factors and from that inflation is an important segment. Various terms have been described for inflation, in simple meaning when price of different commodities have been raised compared to previous stage due to depreciation of currency having lesser purchasing power. Perception of people towards inflation and its impact is the main crux of the study, because how the people think about technical terms is vital matter. The present study is based on primary data collected from 277 respondents through questionnaire from the Gujarat state India. The perception has been analysed from four statement have been asked in Lickert’s five scale form. The one-way ANOVA has been used to test the hypotheses and it has been found from that in first statement regarding price of commodity once increase then it will not decrease due to inflation has significant difference with place, education and age of the respondents and in rest three statement no significant differences have been observed.


Copyright: © 2024 by Gandhi. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY) (Creative Commons Attribution 4.0 International License). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.

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ACS Style
Gandhi, K. A study on the perception towards the impact of inflation of people of Gujarat state. Financial Economics Letters, 2023, 2, 20. https://doi.org/10.58567/fel02030005
AMA Style
Gandhi K. A study on the perception towards the impact of inflation of people of Gujarat state. Financial Economics Letters; 2023, 2(3):20. https://doi.org/10.58567/fel02030005
Chicago/Turabian Style
Gandhi, Kalpesh 2023. "A study on the perception towards the impact of inflation of people of Gujarat state" Financial Economics Letters 2, no.3:20. https://doi.org/10.58567/fel02030005
APA style
Gandhi, K. (2023). A study on the perception towards the impact of inflation of people of Gujarat state. Financial Economics Letters, 2(3), 20. https://doi.org/10.58567/fel02030005

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