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Inflation has many scary forms, and here is how to beat them all
What is the Fuss?
Inflation makes products and services costlier, every passing year. Inflation in India stands at around 5–6%/year (20 yr average). However, this inflation, published by a national survey, is flawed. Yes, it is flawed. It is just an age-old formula, repeatedly used and published monthly. There are different forms of inflation in different areas of products and services we use. Some forms are scarier, where inflation causes the price to rise 10% or more every year. Home rentals, travel, education, medical inflation are just a few to name.
Inflation eats away into your hard earned wealth. It impacts your financial planning. It might delay out your retirement plan, or play spoilsport to the long term goals you have set for yourself. We all know and prepare to beat the 5–6% annual inflation, the one we see and hear. But what about beating the inflation we do not see & hear? You need a plan, before you realise its too late.
In this post, I talk about some common areas where inflation is way higher than 5–6%. And some ways to deal with them, like a Pro. Lets get started.