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Yes, it is possible to decrease inflation. Inflation refers to the general increase in prices of goods and services over time, and is often caused by an increase in the supply of money or a decrease in the supply of goods and services. To decrease inflation, governments and central banks can use a variety of monetary and fiscal policies such as increasing interest rates, reducing government spending, or implementing tighter monetary policies. These actions can help reduce the amount of money in circulation and slow down the rate of price increases. Additionally, implementing measures to increase the supply of goods and services can also help lower inflation by reducing demand pressures on prices.
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.