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Inflation has been a topic of concern for many economies. In some countries, there has been an increase in inflation due to a variety of factors such as supply chain disruptions, high demand for goods and services, and government stimulus packages. However, predicting whether inflation is coming in the future is difficult and depends on various factors such as global economic trends, government policies, and the ongoing COVID-19 pandemic. It’s important to stay updated on the latest economic news and data to understand the current inflationary environment and its potential future impact.
The effects of inflation are often not directly felt but are played out over a long time, especially long-term investments are vulnerable to inflation.
At Horizon65, we created a mobile app that enabled you to check the effect of inflation on your savings.