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The historical inflation rate in India has varied over time. From 2011 to 2020, the average inflation rate was around 5.97%, with a peak of 11.16% in November 2013 and a low of 1.54% in June 2017. However, inflation rates in India have been known to fluctuate widely based on factors such as government policies, global events, and local economic conditions.
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.