Hi can compare the value of suppose 100000 from 2000 to 2020.
If i have purchased something for 1lakh in 2000 so based on inflation rate what is the value of 1lakh in 2020?
How to calculate that?
Are you referring to inflation adjusted returns?
You may go through below article :
Five important formulas to calculate returns on investments
The article is about the investment. I want to know in general. Like we say due to inflation if you are keeping 1lakh as idle money and not investing it anywhere the value of that money decreasing due to inflation.
Same way Suppose if i have spent 1lakh in any party or to buy anything worth Rs 1lakh in the year 2000
So after 20years what is the value of 1lakh?. In other words how much more money I have to spend to buy the same thing in the year 2020