Does your monthly salary ever feel like it’s disappearing faster than it used to? You’re not imagining it. That feeling of your ₦400,000 salary suddenly having the spending power of ₦300,000 is a real phenomenon, and its name is inflation.
Inflation is the silent pay cut you get when prices for rent, food, and transport go up, but your income stays the same. But here’s the good news: inflation isn’t your enemy—ignorance is.
To help you move from awareness to action, we’re excited to launch the newest addition to the FINTEL Suite: The Inflation Impact Calculator.
This simple, powerful tool is designed to give you clarity in just a few clicks. It’s not one, but three calculators in one:
- Purchasing Power Calculator: This is the big one. Enter your salary, an inflation rate, and a number of years to see exactly what your money today was worth in the past. It turns that vague “my money feels less” feeling into a hard number.
- Future Cost Calculator: Planning for a big expense? Want to know what your rent might cost in three years? This tool projects the future cost of anything based on a steady inflation rate, helping you plan ahead.
- Inflation Rate Calculator: For the FINTEL Warriors who follow the numbers, you can use the official Consumer Price Index (CPI) to calculate the exact inflation rate, just like the experts do.
Knowledge is the first step to building financial freedom. Stop guessing and start knowing what your money is doing.
Take control of your finances today. Try the free Inflation Impact Calculator and see for yourself