What will be the cost of ₹50 lakh home or car in 2, 5 & 10 years at 6% inflation?

Inflation is the decrease in purchasing power of money. At an inflation rate of 6%, a property or luxury car worth ₹50 lakh will be priced at ₹56.18 lakh in two years and around ₹66.91 lakh in 5 years. The same item will be worth around ₹89.54 lakh in 10 years at 6% inflation, close to double the original price.