Inflation : Strike Back (a little)

by Jeff Phoon


Malaysia PM finally announced to reduce the the petrol price.


Although the dropping percentage is only 5.5% (for RON97 petrol ), and although most of the people said that this is the PP by-election "sweet"; but we are here to still welcome the government to take this appropriate action to fight for inflation.





Yes, talking about the inflation, on of the malaysia most popular website (malaysiakini) had posted in a commentary ( in whether deliberately or coincidencely ), stated that "the inflation rate rose to a new 26-year high of 8.5 percent in July, driven higher by the escalating cost of fuel and electricity" !!





So, we are wondering whether the private sector (expecially rice, oil and other necessity traders) are reducing their trades' prices due to transportation cost reduced;


And we are also hope that the TNB will cut down our electricity charges accordingly.





Ya..some people might just think that it's quite impossible.





"have you ever seen the reducing of rice or others ? it trend to going up only all the while....."





"even petrol price cut, the rice and others won't simply price cut..."





we just see...