How Inflation Affects Your Finances and How to Protect Your Money

Inflation is an economic phenomenon that affects everyone, whether you realize it or not. Simply put, inflation is the rate at which the general level of prices for goods and services rises,virtual CFO services in India leading to a decrease in the purchasing power of money. When inflation occurs, each unit of currency buys fewer goods and services than it did before, impacting your everyday expenses, savings, and overall financial health.