See how inflation erodes purchasing power over time.
Inflation is the rate at which the general level of prices for goods and services rises, eroding purchasing power. Simply put, it means your money buys less over time.
It helps you understand how much more you will need to pay for the same lifestyle in the future, which is crucial for retirement planning and goal setting.
In India, the retail inflation rate typically ranges between 4% to 7% historically, though specific costs like healthcare or education often inflate faster.