PRACTICAL GUIDE · UTILIA WORK
How inflation affects your savings
Inflation measures the general increase in prices and reduces what the same amount of money can buy.
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The calculation
With a constant estimated rate, future price = current price × (1 + annual inflation) raised to the number of years.
Worked example
If an item costs €100 and prices rise 3% annually for five years, the cost becomes approximately €115.93.
Things to consider
Actual inflation changes over time and differs by product. For official Spanish historical figures, consult the national statistics institute, INE.
General educational information. Examples are illustrative; check the conditions and rules applicable to your situation before making important decisions.
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