Of course, none of us can write this for you since we are
not in your family and do not know your family. Therefore, we cannot know what effects
of inflation your family has felt. What we can do is to discuss some typical effects of
inflation -- you will need to see if any of these have affected your
family.
The most common impact of inflation is that it
makes it harder for people to buy goods. Typically, prices will rise and wages will not
rise fast enough to keep pace. For a while, at least, a family will see that the things
that they need to buy are getting more expensive while their income is not increasing.
This is the most common impact of inflation and is the one that is most easily noticed
on a day to day basis.
Inflation can also hurt people who
have lent money. The money the receive when the loan is paid back is not worth as much
as the money that was lent. However, this is much harder for anyone to actually
notice.
So, if I were you, I would try to find out what
prices of things your family uses (especially food and fuel) have gone up recently.
Then you should compare that to the wages or other income of whoever in your family
makes money. You would need to see if the prices are going up more quickly than the
income. If so, try to find out what changes your family has been having to make --
eating different foods, cutting back on certain types of consumption, things like
that.
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