Personal Finance

Spend less than you earn, invest the rest

Novice

Mastery0%

Novice

Note. Education, not financial advice. Tax rules, regulations and product specifics change, for real money decisions, talk to a SEBI-registered advisor whose incentives don't depend on selling you a product.

Concept 07 of 19

settled

Inflation

Cash quietly loses 5-7% of its buying power every year in India.

Definition

The sustained rise in the general price level of goods and services over time, which reduces the purchasing power of a unit of currency.

Step 1

Predict first

In one or two sentences, what do you think this concept means? Wrong is fine; the small struggle is what makes the answer stick.