Assessing the Impact of Inflation on Household Consumption in Kisoro District: A Case Study of Ny Akabande Subcounty
Loading...
Date
2021
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Kabale University
Abstract
The study was about assessing the impact of inflation on household consumption in Nyakabande Sub county in
Kisoro District and it was guided by the following study objectives; To establish the causes of inflation on
household consumption in Nyakabande Sub County, To assess the effects of inflation on household consumption
in Nyakabande Sub County and to explore the possible strategies to reduce the effects of inflation on household
consumption in Nyakabande Sub County. The research design used was exploratory involving questionnaires and
interview guides that were administered to the respondents to ascertain and explore the characteristics of variables
understudy based on qualitative data from both primary and secondary sources. The researcher intended to explore
more about unknown in the study area thus this design was advantageous in way that remarkable insights about the
area was discovered. Basing on the qualitative research design that the researcher employed, simple random
sampling was used to select respondents from two parishes of Nyakabande Sub County. The researcher wrote
names continued put them in the basket and shook it thoroughly and then they picked any name at random. at was
collected, using various methods and instruments of data collection such as questionnaires and interview guides.
The questionnaire was pretested to determine the reliability and validity of the findings. Pretesting was done
before the actual field study among 10 respondents immediately after collecting data; it was harnessed, organized
and recorded accordingly. Similarly, responses were put together, regulated and sieved so that the right one was
considered for the study as the unwanted ones were discarded under this section, different gadgets and methods
were used to tabulate the information. The study revealed great causes of inflation on the household consumption
in Nyakabande Sub County citing out several effects of inflation on socioeconomic welfare of households such as
poor standards of living, destabilizing the economy among others. Finally, the study advanced some possible
strategies to reduce on inflation effects on household consumption in Nyakabande Sub County such as
infrastructural development, employment creation by the government and so on. Basing on the findings from the
study, the researcher recommended further studies to be carried out on the cause of inflation or; household
consumption should be carried to come out with enough and reliable information that can help to control inflation
out before it circulates. Locals should consider the effects Gf inl1ation on their socioeconomic welfare detrimental
and there, devise means to reduce them. In addition, the government should adopt stringent policies on inflation.
Otherwise people will lost' trust and confidence it and this may breed social or political unrest or both.
Description
A Research Report Submitted to the Faculty of Education in Partial Fulfillment of the Requirement for a Ward of Bachelor of Arts Degree in Education of Kabale University
Keywords
Inflation , Household ,Consumption