Only you have the power to decide what is best for your financial future. Request an invitation to our app today!
Inflation refers to the rate at which the general level of prices for goods and services is increasing over time. This means that the purchasing power of a unit of currency decreases as prices for goods and services rise. Inflation can be caused by a variety of factors, including an increase in the supply of money, an increase in the demand for goods and services, or a decrease in the supply of goods and services. High inflation can have a number of negative impacts on an economy, including decreased consumer spending, reduced investment, and increased uncertainty.
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.