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Inflation eats away at wealth

©The Financial Times Limited 2020 Oct 27, 2023 / 12:55 PM IST
All Rights Reserved. FT and Financial Times are trademarks of the Financial Times Limited Not to be redistributed, copied or modified in any way.

The real value of fortunes has been eroding during the past two years at its fastest rate in more than four decades

What’s more striking is that, even in the previous two decades, when inflation was low, rising prices still managed to eat away at asset values

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