CPI is the inflation rate of consumers
Here is what you need to know about CPI ๐งต๐
Here is what you need to know about CPI ๐งต๐
CPI = consumer price index
CPI measures changes in prices paid by Indian consumers for goods and services.
CPI measures changes in prices paid by Indian consumers for goods and services.
CPI does not include the price of certain assets such as stocks, bonds and life insurance.
It mainly includes rental prices for cost of shelter, and home ownership.
It mainly includes rental prices for cost of shelter, and home ownership.
You can see the change in prices month on month mainly food cost is increasing aggressively.
Same in utilities, Transportation too.
Currently CPI inflation is at 11-month low of 5.88% in India.
Same in utilities, Transportation too.
Currently CPI inflation is at 11-month low of 5.88% in India.
If you are not investing money, delayed gratification will do nothing to help you financially.
saving money instead of investing it means wealth is being transferred to people who own assets.
saving money instead of investing it means wealth is being transferred to people who own assets.
One more thing is we were never taught to invest in schools - we are taught to think and live like consumers.
Mostly life is going to continue to get harder for people who are not financially literate.
Mostly life is going to continue to get harder for people who are not financially literate.
In reality inflation is destroying lives all over the world.
Beating inflation is a challenge, that's why many say to work on one skill or have passive income sources.
Beating inflation is a challenge, that's why many say to work on one skill or have passive income sources.
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