Three months ago, it was 3 percent, the highest in 15 months. June’s rate of 7.7 percent also recorded another high, the highest in 26 years - reports Malaysiakini. At the rate this inflation comes ”high-ing” at us, very soon our RM10 will get us nothing, although, we still can get this basketful today, says TheMalaysianInsider.
Malaysiakini, 23 July 2008
Inflation hits 7.7 percent, a 26 year high
Malaysia’s annual inflation rate jumped to a 26-year high of 7.7 percent in June due to a substantial rise in fuel prices, according to official data released today.
Nor Mohamed Yakcop, second finance minister, had already said that a 41-percent hike in subsidised fuel prices last month was set to boost inflation in June and July.
The figure came as something of a surprise as economists had predicted June inflation of 6.6 percent. - AFP
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