Inflation Calculator (INR)
📢 What is Inflation?
Inflation refers to the rate at which the general level of prices for goods and services rises over time, reducing the purchasing power of money. For example, if inflation is 5%, something that costs ₹100 today will cost ₹105 next year.
📊 How This Calculator Works
This calculator helps you estimate how much money will be worth in the future due to inflation. You can:
- Calculate the future value of money based on an inflation rate.
- Determine how much you would need in the future to match today's purchasing power.
💡 Why Is This Important?
Understanding inflation helps in better financial planning, especially for **investments, savings, and retirement planning**.
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