The only way to beat inflation is to save in those instruments which offer return more than rate of inflation. Keeping in savings bank and even in Fixed Deposits in Bank offering only 9% will not suffice, as the CPI inflation rate is around 11%.
To find out the exact price in the future you may use the spreadsheet worked out by clicking here.
For complete financial planning and retirement planning advice and queries
Mukundan SN, CFA, CFP, CPFA
Certified Finance Planner
Mutual Fund Advisor
Email to: firstname.lastname@example.org or mobile: +919789098720