Abstract
The current study aims to produce a framework that helps in
understanding how the increase of prices creates an effect on Inflation
and how the increase in inflation creates an effect on other inflationary
measures. The center of attention of this study is to check the influence
on inflation in Pakistan. The study would let the readers know the
influence and will help them in further studies. This study examines the
relationship between the Dollar, Gold and petrol prices on inflation in
Pakistan. The study is conducted for the period July 2008 to June 2013
on monthly basis. Simple linear regression test using SPSS were
employed to analyze the data. ANOVA and Coefficient results show the
positive relationship. The coefficient of correlation in this study is .876
which means that they have a very strong relationship with each other
and creating influence. The result produced in this study shows the high
influence of Dollar, Gold and Petrol prices on Inflation in Pakistan. This
study should be further extended by using other variables, such as;
interest rate, oil prices, energy prices, CPI etc. to improve the economic
condition of Pakistan. The results indicate that these three factors played
a dominant role in the recent inflation. This finding will contribute to the
government of Pakistan in making tight policies to control the inflation
rate using Dollar, Gold and Petrol prices, which makes the current study
unique.
Zarshad Ahmad, Yasir Rahim. (2013) The Influence of Dollar, Gold, and Petrol Prices on Inflation, Abasyn Journal of Social Sciences, Volume-06, Issue-2.
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