Calculate Amount required in Future
Calculate Future Value of the Amount
What is Inflation?
Inflation is an increase in the price of selected goods over a period of time. This will make one unit of currency buy a product or service for a lesser price than what it did in the previous years. So this reduces the value of one unit of currency. There can be many reasons for inflation. Usually, the central bank of that particular nation makes sure that the economy of the region runs smoothly and the inflation is in the acceptable limits.sss
What causes inflation?
United Arab Emirates Inflation Rate
How to Beat Inflation?
As said earlier, inflation is nothing but an increase in the price of the commodities. When there is a rise in the prices of the products and services, it can get difficult for an individual to bear the increased costs. To overcome the sudden increase in the prices there is proper financial planning required.
- Investing in mutual funds
- Investing in bonds or fixed income certificates
- Investment on commodities
- Getting loans on lower interest rates
How to use the inflation calculator?
The inflation calculator works in a very simple way.
- Enter the current price of a product
- Give the inflation rate
- Give the number of years i.e. the year you want to find out the product price
Inflation Rate - Inflation rate can be forecasted by taking several factors into consideration and forecasting the right value is not possible. No one can get an accurate prediction of inflation. You can predict is the approximate value by taking 2-3 decades inflation rate and predict a rough value. This helps in preparing yourself financially for inflation.