- Daxesh Degdawala
Service Engineer, B Braun Medical Pvt. Ltd.
How the poor people will live in high rates of inflation?
A poor person is a person who is excluded from living a "reasonable". Food is the most important component in the consumption of the poor (about 50%). Inflation affects the poor because their consumption basket is more expensive than the rest. They suffer most from a decline in purchasing power.
The poor are also disadvantaged in terms of consumption because their ability to leverage funding is very limited. You and I can buy at fixed odds, get a promo card, etc.. And with that you can dodge enough of the inflationary impact. But the poor who have less access to financial products. When prices rise, there is no escape.