This study examines the impact of inflation on household income and expenditure patterns in Ikere Local Government Area (LGA), Ekiti State, Nigeria. A descriptive research design was adopted, using a quantitative approach to gather data from a sample of 100 households through structured questionnaires. The study area, Ikere LGA, consists of both urban and rural settings, providing a diverse representation of socio-economic contexts. The study employs a multistage sampling technique to ensure adequate representation from different income groups and geographical locations. Data was analyzed using descriptive and inferential statistics, including chi-square tests and Pearson’s correlation analysis. The findings highlight the significant effect of inflation on household financial dynamics, with increased financial pressure on households, especially regarding basic necessities like food, housing, and transportation. The study also explores coping mechanisms, such as reducing non-essential expenditures, relying on informal credit sources, and engaging in supplementary income-generating activities. The study conclude that impacts of inflation on household income and expenditure patterns overwhelmingly, respondents indicated that inflation had reduced their purchasing power, forcing households to prioritize basic necessities such as food, housing and utilities. And recommendations based on the findings of this study, the recommendation are monetary and fiscal policy adjustment, strengthening financial inclusion, establishing social safety nets, encouraging sustainable consumption. The research offers valuable insights into how inflation disrupts household financial stability and suggests policy recommendations to alleviate its impact on vulnerable households.

Inflation, Household Income, Expenditure, People