Journal of Global Economics, Management and Business Research

The research examined the correlation between inflation and household consumption among college teachers located in the Island Garden City of Samal in Davao del Norte from July to December 2024. This study explored the different types of inflation such as demand-pull inflation, cost-push inflation, and inflation expectations, as well as household spending on durable goods, non-durable goods, entertainment, housing, healthcare, and debts. A descriptive correlational research design was employed, and seventy-six college teachers were randomly chosen as respondents. Data were gathered from the Philippine Statistics Authority and through an adapted survey questionnaire used to assess the spending patterns of the respondents. The results revealed that inflation during the study period was at a moderate level. Teachers’ households tended to spend more on non-durable goods and debt-related expenses, while allocating less for durable goods, housing, and healthcare. These findings imply that most of their income was directed toward immediate necessities and financial obligations rather than long-term investments or savings. The analysis further showed a negative relationship between inflation and household consumption. However, this relationship was not statistically significant, meaning that changes in inflation did not strongly affect how teachers managed their household expenses. The results suggest that other factors such as financial stability, priorities, and budgeting practices had a greater influence on consumption behavior. Overall, the study emphasizes the importance of proper financial management among teachers to maintain stability despite price fluctuations in the economy.