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Further signs of rising inflation – be prepare

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BBC NEWS, 14 July…The amount charged by manufacturers for their goods was 10% higher last month than a year ago in a further sign of inflationary pressure in the economy.

June’s rise in producer prices marked a further sharp jump from May’s 9.3% annual rise, official figures showed, reflecting the spiralling cost of fuel.

There is a danger that price increases could be passed onto customers, which would further boost consumer inflation.

Consumer price inflation is already at a 10-year high of 3.3%….more…

Inflation rate in Malaysia just hit 3.8% in May and the highest in 22 months. If we’re looking at other countries, their inflation are rising more higher than us. So be prepare before its too late. Save your money now.


July 15, 2008 - Posted by | Article/News, Economy | , , , , , , ,

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