Inflation Hits 5% Next Year
Inflation is set to hit 5% next year in the first quarter. What does this mean? It means that if your returns from fixed deposits or investments are less than 5%, you actually lose money because the value of your money cannot keep up with the inflation rate.
Interest rates from fixed deposits have not increased, probably because there is a flush of money because people are afraid of the volatile stock market.
The inflation rate is due to rising costs and wages. If you are unable to predict the stock market, and at the same time cannot earn enough interest with your existing money, then how do you build up your retirement fund?
I’ve found a software that accurately predicts the stock market prediction. More on that another time.
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I have previously done some work on the topic inflation