Consumer prices have been on a constant rise which has now led to inflation in the country and how should you protect your money from inflation? This after the incomes are largely being flat and/or are being deducted given the current pandemic situation that is prevailing in the country. To discuss all this, Mubina Kapasi speaks to Mrin Agarwal on The Money Show. In the long term, inflation certainly brings down our purchasing power, says Mrin Agarwal. She further adds that it’s a huge impact overall, given that the income earned is less and thus the returns due to inflation are also less.
Watch the full conversation here to find out how you can protect your money.
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6:32 i disagree. High inflation increases cost of debt for companies n high cost of operations, thus profits get hit.
Avoiding purchase of China products, help save more money as they do not generate income!