Briefly share about inflation and solution
Consumer Price Index (CPI)
This is the most easiest way to determine inflation. CPI reflects the daily expense of the local market. For example, we can bought an orange🍊 with $2 each last 10 years ago but average orange🍊 price is $5 now. Consumer need to pay more than before for having an orange🍊.
Example:
- Avg. orange🍊 price
- 2012 = 🏷️$2
- 2022 = 🏷️$5 (200%↗️)
How can we against the inflation?
- Anti-inflation assets
- Real estate investment (High cost)
- Commodities (Low cost)
- Camera
- Smartphone ❌
- Currency investment
- Stock
- Gold
- Cryptocurrency (IT guy😎)
- Foreign currency