Inflation Calculator
Inflation refers to the phenomenon of a sustained increase in the overall price level of goods and services in an economy, which causes a reduction in the purchasing power of money.
Current Cost
Rate of Inflation
Time period (years)
Calculate
₹ 10,000
Current Cost
₹ 9,672
Cost Increase
₹ 19,672
Future Cost
How to use this calculator?
Inflation
Inflation is the decrease of the purchasing power of money.
How does it affect me?
The amount of money you have now will buy you fewer products and services by the end of the year, making you spend more for the same thing or buy less of the item.
How to combat inflation?
To combat inflation as a consumer, one can compare prices, cut expenses, invest wisely, save more, shop smart, and avoid excessive debt.
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What is Inflation?
Inflation refers to the phenomenon of a sustained increase in the overall price level of goods and services in an economy, which causes a reduction in the purchasing power of money over time. This can occur due to various factors, including an increase in the money supply, a rise in demand, or a decrease in the supply of goods and services.
Why should I calculate inflation?
Calculating inflation can help you understand how much things cost and how that changes over time, which can be useful when planning a budget or deciding how to spend your money.
It can also help you figure out how much you need to save to achieve your financial goals, such as buying a car or a house, and how much those things will cost in the future.
By accounting for inflation, you can compare the value of money across different time periods and get a better sense of how much things actually cost relative to each other. This can help you make better purchasing decisions and avoid overpaying for things.
If you’re interested in investing, calculating inflation can be helpful because it allows you to determine the real return on an investment, which is the return adjusted for inflation. This can give you a better idea of whether an investment is worth it and how much you can expect to earn over time.
How does the Inflation calculator work?
FundsIndia inflation calculator uses the Consumer Price Index (CPI) data from the Reserve Bank of India (RBI) to calculate inflation rates. The CPI is a measure of the average change over time in the prices of goods and services consumed by households.
How to use Inflation calculator?
FundsIndia Inflation calculator is an intuitive tool that calculates the inflation easily by just plugging in the current cost, rate of inflation and time period in years. The calculator will give you the cost increase and total future cost.
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