• Khurram Khowaja

"inflation is the cruellest tax of all" is often interpreted as meaning that inflation hurts the poor relatively more than the rich. It could also mean that the inflation tax is particularly unfair because, the taxing mechanism being little understood, the inflation tax can be imposed by stealth. So, by using Probit regression, we found that the high-income group have a 31 percent probability of mentioning inflation as a top national concern, while the low-income group have 83 percent probability of mentioning inflation as a top national concern. Inflation hurts the low-income group relatively more as compare to the high-income group.

Inflation, low-income group, high-income group, Probit regression

"Effects of inflation on high-income group and low-income group", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 2, page no.1223-1226, February-2019, Available :http://www.jetir.org/papers/JETIR1902D76.pdf

"Effects of inflation on high-income group and low-income group", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 2, page no. pp1223-1226, February-2019, Available at : http://www.jetir.org/papers/JETIR1902D76.pdf