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Significance of The Study

This document discusses how inflation affects the shortage of food supplies and increasing prices among Grade 11 students at Binmaley Catholic School. Inflation reduces purchasing power and increases costs of living, which can significantly impact students' daily lives. Several students at the school have limited budgets that are mostly spent on daily essentials like food, personal care, and transportation. Inflation makes it difficult for students and their families to afford education costs as priorities shift to housing costs and prices continue rising.

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Tine Deguzman
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104 views1 page

Significance of The Study

This document discusses how inflation affects the shortage of food supplies and increasing prices among Grade 11 students at Binmaley Catholic School. Inflation reduces purchasing power and increases costs of living, which can significantly impact students' daily lives. Several students at the school have limited budgets that are mostly spent on daily essentials like food, personal care, and transportation. Inflation makes it difficult for students and their families to afford education costs as priorities shift to housing costs and prices continue rising.

Uploaded by

Tine Deguzman
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
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Significance of the study

Inflation is defined as the increase in the general price level of goods and services in an
economy over a period of time. It is an economic concept that affects the purchasing power of
money. The shortage of food supplies and the increasing price range is one of the most critical
consequences of inflation. The aim of this research paper is to investigate the effects of inflation
on the shortage of food supplies and the increasing price range among Grade 11 students of
Binmaley Catholic School, Inc.

Inflation is a serious economic issue that affects all sectors of society, including students.
Inflation impacts the cost of living and reduces the purchasing power of money. The shortage of
food supplies and the increasing price range are significant consequences of inflation, which can
have a significant impact on the daily lives of Grade 11 students.

One of the main reasons for price increases in the education sector is inflation. The cost of
meeting students' basic necessities, such as uniforms, textbooks, tuition, school shoes, and
transportation, is gradually making it impossible for the average person to support his child's
education.

Several students at, Binmaley Catholic School, have a limited budget, most of which, is spent on
daily essentials like food, personal care, drinks, travel expenses. Inflation affects education as
the priority of common people is to meet housing costs instead of educational expenses. Thus
inflation increases health expenses and makes it difficult for students to meet their education
costs easily. Inflation thus decreases the standard of living, and parents belonging to lower and
middle-income groups become unable to bear the cost of educating their children as the
monthly allowance that they pay to their kids doesn’t make up for the price hikes. The tuition
fees at such places are too high for an ordinary person and this is why it is believed that only
rich people can afford. By this time, you have understood how inflation affects education.

https://www.onlineu.com/magazine/how-inflation-affects-college-students

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