Determining the Effects of Inflation on the Cost of Living of the Selected Residents in Barangay One, San Carlos City, Negros Occidental

Abstract

This study aimed to investigate the effects of inflation on the cost of living among residents of Barangay One in San Carlos. The primary objectives of this study were to identify the impact of inflation on the purchasing power of selected residents, assess changes in lifestyle and standard of living, and raise awareness of inflation within a specific barangay. The study employed descriptive research methods, including a survey, to gather rich and detailed insights into the experiences and perspectives of residents regarding inflation’s effects on their cost of living. The findings of this study contribute to a better understanding of the specific effects of inflation on the cost of living in the context of Barangay One. This research revealed the extent to which inflation influenced residents’ purchasing power, resulting in changes in lifestyle and standard of living. Moreover, the study highlights the need for increased awareness of inflation among community members and emphasizes the importance of local officials actively addressing the economic conditions of the barangay. Based on these findings, this research proposes sustainable solutions to assist Barangay One in mitigating the negative impacts of inflation. These solutions include implementing financial literacy programs and fostering community- based initiatives to enhance economic resilience.