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Wednesday, February 20, 2008

2008 Malaysia Consumer Price Index is rising at 2.5 %

According to Business Times, CPI or Consumer Price Index rose at 2.5%.

Consumer Price Index is an indicator of the rate of inflation in the economy because it measures changes in the cost of maintaining a particular standard of living.

Here are other important points I would like to indicate:
  • Food price – cooking oil, chicken, and sugar, will remain high and will get higher. High Demand with Short Supply pushes price to go up. Smuggle activity will increase.
  • Transport cost soars up since toll rate will escalate from 7.7% to 50% on six highways.
  • The rising inflationary pressure in 2008 would soften Bank Negara Malaysia's bias towards monetary easing unless the economic growth trend falters.
  • Government could fight inflation by adopting a tighter policy stance although this risks dragging economic growth down further.

Further reading, 2008 CPI seen rising at minimum pace of 2.5pc


Quek Moon 2/22/2008 9:14 PM  

My toll expenses will increase to RM 200 a month!! I can't believe it.

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