Inflation was 6.1% for the week ended Feb 24.
Highest inflation rate during this fiscal year was 6.73%.
Look at the picture to find out the value of your money after 10 yrs, 20 yrs and 30 yrs with different inflation rates.
If your salary rise is less than 7% you better look for another job with higher salary. Otherwise you will actually be earning less than what you were before the rise.
Highest inflation rate during this fiscal year was 6.73%.
Look at the picture to find out the value of your money after 10 yrs, 20 yrs and 30 yrs with different inflation rates.
If your salary rise is less than 7% you better look for another job with higher salary. Otherwise you will actually be earning less than what you were before the rise.
Courtesy: The Economic Times & The Business Today
3 comments:
Interesting Analysis, Ooops this inflation statistics shows that
1. Every individual should start thinking on salary hike to be more than 7%
2. Secondly to build a robust investment growth plan :)-
Correct Arasa.
Your investments should first of all fight inflation and give you good returns over and above that.
Real Estate and stock market are best known for good investment strategy against the inflation.
Gold is one which has always grown it's value along with the inflation.
Could somebody tell me how the inflation,Oil price, Eonomy growth,Interest rates and value of indian rupee against USD is all related,Looks like there is a deeper relation.
I hear the fin Min says the economy is heating up, he increases the repo reverse repo rate, that increase the bank lending rate, that inturn increases the inflation that down the line reduces the growth(or net profits of the companies).
So in summary the govt can have control over the economy to slow down My Questio, why the hell the gov has to stop/brake the growth ??
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