What you know about inflation might be wrong
Capitalmind Podcast
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How Much Is Your Inflation Changed?
Every person's basket is different, and you'll find that your basket gets inadequately represented in the ural inflation numbers. So before i have a child, if i start to estimate that my expenses will go up by only five % a year, i am not accounting for the fact that there ire going to be more people in my family. It may be exact other way round, when we are aver largely saving and investing for our retirement, when inflation may come in, but it may not be as much as it seems. Our basket will change dramatically when we retire. We'll explore that, moore as me along.
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