Inflation, the gradual increase in the prices of goods and services over time, is a fundamental economic concept that impacts every aspect of our lives, including personal finances. While moderate inflation is a sign of a healthy economy, it can erode the purchasing power of your money if left unchecked. In recent times, the global issue of rising inflation has become a concern for individuals and households. This comprehensive guide explores the impact of inflation on personal finances and offers practical guidance on how to protect your financial well-being in the face of inflation’s challenges. 1: Understanding Inflation What Is…