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Inflation is not dead. Inflation refers to the increase in prices of goods and services over time, and it is a normal part of a healthy economy. While inflation has been relatively low in many developed countries in recent years, it can still occur as a result of factors such as changes in consumer demand, supply chain disruptions, and shifts in government policy. Additionally, inflation rates vary widely across different countries and regions, and some countries may experience higher rates of inflation than others. Therefore, it is incorrect to say that inflation is dead.
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.