Inflation Rate (consumer price)

May 27th, 2006 | by winsonlee |

When u make any investment, you would definately wanted to know if your return rate is more then the inflation rate.
As many people putting money in the bank, interest rates for classic over $99999 in westpac is only 0.30% per annum.
According to CIA, inflation rate for the year 2005 is 2.7%.
Thats why people used to say if you put money in the bank, initialy your money will become smaller and smaller.
So dont put money in the bank as what i am doing now.
Bad bad choice.
Bottom of the list, iraq inflation rate is 40%.
I really wonder in what way people there can have investment that gives you 40% return rate.
Hmmm …

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