Personal Inflation and Budget Tracker
Originally published: 02/11/2023 13:36
Last version published: 18/01/2024 16:18
Publication number: ELQ-55836-2
View all versions & Certificate
certified

Personal Inflation and Budget Tracker

Track your personal inflation rate based on your actual expenditures and official inflation figures of the country of your residence.

Description
This tool shows your personal inflation rate based on your actual expenditures and official inflation figures of the country of your residence. The tool also helps you to identify product groups that have the largest impact on your budget.
In order to calculate you personal inflation rate and reveal main contributor categories:
   - Select your country of residence (the file currently covers 36 countries: Albania, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Kosovo, Latvia, Lithuania, Luxembourg, Malta, Netherlands, North Macedonia, Norway, Poland, Portugal, Romania, Serbia, Slovakia, Slovenia, Spain, Sweden, Switzerland, Türkiye, United States).
  - Enter your monthly expenditures per groups of goods and services in corresponding tables.
Inflation data is updated annually. Currently the tool is based on 2023 annual average inflation figures. Data source: https://ec.europa.eu/eurostat/databrowser/view/prc_hicp_aind__custom_9389076/settings_1/table?lang=en The pie-chart reflects your expenditure pattern for a current month. You can easily compare your expenditures per each group of products, in order to reveal the most important one.
The contribution chart shows the decomposition of your personal inflation rate by groups. That means, how much of your total inflation comes from a particular group.
By adjusting your expenditures from largest contributor groups to the smallest ones, you can decrease you personal inflation, which means increase in your well-being.

This Best Practice includes
1 Excel file

Giorgi Tetrauli offers you this Best Practice for free!

download for free

Add to bookmarks

Discuss

Further information

The tool also helps you to identify product groups that have the largest impact on your budget.

Track your monthly budget, identify main drivers of your personal inflation, maximise your well-being.


5.0 / 5 (1 votes)

please wait...