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Inflation is a continuous rise in the overall cost of goods and services in an economy that reduces the purchasing power of money as each unit can purchase fewer goods and services. Cost-push inflation is a type of inflation that occurs when production costs increase and lead to a higher overall price level.
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.
Download our app and start gaining insight into your current and future finances.
Horizon65 for iPhone
Horizon65 for Android