lorenzoleo

What is the Effect of Inflation?

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, 06-25-2018 at 09:39 AM (2242 Views)

This is a Php 2,199.00 grocery. (See picture below)

Few years from now, the same budget can afford only 1 bag.
This is called INFLATION. It's the rate of increase in the prices of commodities. It causes the value of money to decrease over time.

If inflation rate is 6% per year (average), this is the possible effect:

° your bank savings loses value
° your cash in your safety cabinets loses value
° your income loses value
° college tuition fee may double in 12 years
° medical cost may double in 12 years
° government pension may not be enough
° overhead cost can eat up your profit (business)

We can't control the prices of commodities, but we can control how we manage our income, how much goes to savings and where to invest our hard-earned money.

Click the link below to get a FREE e-copy of a Financial Guide Book that contains "important notes" that can help you take control of your finances.

Get yours now >>>> https://bit.ly/ebook-ssbyf

Updated 06-25-2018 at 09:42 AM by lorenzoleo

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Comments

oldwolf - 06-25-2018 03:12 PM
This is also a good article and it is very interesting.
mattyanderson - 06-25-2018 05:37 PM
good article
lorenzoleo - 06-30-2018 08:59 AM
Originally Posted by oldwolf

This is also a good article and it is very interesting.

Thanks for this great review! Kindly subscribe to get a free partial E-Book copy of this book. Then confirm your email to get the link of this book. Thanks
lorenzoleo - 06-30-2018 09:03 AM
I have a hard copy of this book. Let me know who wants to order. Thanks.
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jekolosfrom - 11-26-2022 07:51 PM
If prices are constantly rising, it means that inflation is in the country. Inflation is a steady increase in the general price level of goods and services. At the same time, some goods may noticeably rise in price, others may become cheaper, and still others may not change in price at all. How do you think it affects trading? Will the price of stocks, cryptocurrencies, gold, etc. change? I would like to know your opinion. I know the opinion of professionals https://tesler-inc.trade/.
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DanielLee5 - 09-19-2023 02:45 PM
This topic is indeed pertinent in today's economic climate. Your article provides a clear understanding of how prices can rise and its impact on consumers' purchasing power. Additionally, the mention of impact of shrinkflation highlights a subtle but significant way in which inflation affects everyday products. It's very important to stay informed about these economic factors as they directly affect our daily lives and budgets.