What is inflation and why should I even care?
Inflation is the general increase in the prices of goods and services in an economy over a certain period of time. The most commonly used way to measure it is consumer price index (CPI). If this index rises, each monetary unit can buy fewer goods or services. Consequently, with inflation, the purchasing power of money decreases.
This impacts everyone, but savers who leave their money in the bank are affected the most. Use our inflation calculator to see much you stand to lose through inflation over time. You can find out how to protect your assets below.