Inflation is one of the most critical metrics for well-being in a country. It tells Bisi how many goods and services she can acquire today and Bala whether he should charge more for his services. However, given the complexity of measuring inflation, the impact of price hikes on goods and services might sometimes seem greater or less than the inflation value.
This is why Stears has launched the Beta version of its inflation calculator, which measures how incomes change over time due to inflation.
By inputting your income, the inflation calculator helps people make sense of the real value of money over time. Using this calculator, people can determine how much their income is worth, how much it has changed and how much they should be earning to match the value of their initial income.
How the inflation calculator works
The consumer price index measures the rate of change in prices of a selected number