Increasing Prices of food and supplies.pptx

Database prices of food and supplies

1. Increasing Prices of Food and Supplies: The impact of overpricing towards poor households. Case study proposal

2. Significant Overview With the issue in overpricing of food and supplies, makes the basic or essential commodities unaffordable by a poor section of society. Inflation increases price of the commodity

3. Poor households are the most affective with the rise in prices of food and supplies. Uncontrolled inflation, moreover, generates poverty traps Overpricing is the cause of factors such as disturbances in agricultural food supply or movements in international oil prices.

4. Research Questions How can the rising of food and supplies prices affect consumers’ purchasing power? How does the overpricing situation directly affects poor households’ budget? Are th e respondents a net food buyer or a net food seller? Are there any help provided given to these poor households?

5. Methodology Process. The process or methodology that needs to be done for this problem or study can be accomplished through the use of conducting interviews and the use of questionnaires. The interview and questionnaires will be conducted in Barangay Buena Suerte Cauayan City Isabela. Interview questions will investigate the respondents view on overpricing

6. C. Limitations - The limited access of data and respondents due to the scheduling or time spent for the interviewees. D . Instruments Used - Interview questionnaires will investigate the adverse effects of overpricing and it’s factors and coping mechanisms or ways in overcoming the problem in budgeting overpriced products.

7. E. Samples Being Used - The 16 participants of this study are from Barangay Buena Suerte, Cauayan City Isabela.

8. III. Problem This study aims to determine the adverse effects of the rising prices of food and to other supplies towards poor households. Factors such as disruptions in agricultural food supply or fluctuations in international oil prices induce overpricing. Inflation occurs when the majority of prices rise, as long as the other prices do not fall too sharply. People become poorer if inflation is not offset by nominal increases in income. Households and decision-makers pay varying attention to low, medium, and high rates of price increases. This study aims to perceive the insights of consumers and the effects of overpricing to their daily living budget.

9. IV. Steps Taken to Address the Problem A total of 16 people took part in the study's interview. There are eight (8) males and eight (8) females in this group.

10. V. Results From the study, changes in relative prices of food will, however, alter the income distribution between the rural and urban households. Urban households are richer than rural households and are predominantly net food buyers. Rural and urban populations need to be considered to measure the potential impact of food price changes on overall welfare.

11. VI. Challenges and how they were met In the process of collecting the data, the only challenge that the researchers encountered was the availability of the respondents in participating in the interview. Mostly, all of them are out and working, so the timing in meeting them were quite unconventional. However, we still made through and interviewed them right after asking for their consent and scheduling the appropriate time that they would be available to be interviewed.

12. VII. Beyond Results The results mentioned above are sustainable because it meets our own needs without compromising the ability of future generations to meet their own needs. The study’s topic is all about overpricing and its effect to poor households

13. VIII. Lessons Learned As we go through the study, each part has given thorough examinations and provided insights for the components of the study in overpricing and it’s effects to the poor households. On the other hand, the current situation emanated from this study became an eye-opener. Overpricing of food and supplies really became a financial problem and gave a big adverse impact on the living situation of the community. Us, who are considered privileged are grateful that we do not struggle in making ends meet and have something to survive. We can only hope that the Philippine Government shall make interventions and have a win-win solution to this problem in overpricing. And the citizens as well should do their own part.

14. IX. Conclusion The poorest households are the most affected by price increases. The impoverished are especially vulnerable to inflation because they lack the resources to protect their purchasing power. Inflation tends to reduce the share of the bottom quintile and the real minimum wage, increasing poverty. Commodity price hikes have a greater impact on consumer inflation expectations than price increases in many other areas.