Inflation decreases your purchasing power as it increases the price of goods and services. Learn what you can do to get more from your money in a downturn economy.
![Red inflationary arrow rising up beside a miniature shopping cart](https://www.rbcroyalbank.com/en-ca/wp-content/uploads/sites/12/2023/09/Untitled-design-2023-07-14T141940.303.jpg?quality=80&w=680)
Dealing with inflation is complex, but these tips can help your finances while prices remain high.
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More From Understanding Inflation
![Stack of cardboard shopping boxes and a red up arrow showing rising interest.](https://www.rbcroyalbank.com/en-ca/wp-content/uploads/sites/12/2023/09/Untitled-design-2023-08-25T110315.945.jpg?quality=80&w=320)
As inflation increases, the value of your money decreases. Here's how inflation affects your wallet and what you can do about it.
![Two grey-haired miniature model figures standing on life-sized spreadsheets](https://www.rbcroyalbank.com/en-ca/wp-content/uploads/sites/12/2023/09/Untitled-design-2023-08-23T120725.524.jpg?quality=80&w=320)
Find some peace of mind during inflationary times with these four savings and investment strategies.
![Red inflationary arrow rising up beside a miniature shopping cart](https://www.rbcroyalbank.com/en-ca/wp-content/uploads/sites/12/2023/09/Untitled-design-2023-07-14T141940.303.jpg?quality=80&w=320)
Dealing with inflation is complex, but these tips can help your finances while prices remain high.