After providing you with 29 ideas for building fortunes, we are giving our popular section Small Fortune a rest. Replacing it is this new section that will compare prices of products and services in the past with what they are today and what they would be in the future if prices continue to rise at the same rate.
The purpose: to drive home the importance of inflation accounting in family budget — a concept most critical, but least understood.
THEN: A litre of petrol was priced at Rs 13 in 1992
NOW: It now costs about Rs 46, an increase of 250% in 15 years
THEN: If prices increase at the same rate, a litre of petrol could sell for Rs 160 in 2022
The fuel bill component of your monthly expenses has spiralled way beyond what you would have thought. If you commute a lot, the implications range from thinking alternate modes of transport to relocating your residence.
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