It 's frightening!!!!!!!!!!!! Inflation hits 25 year high of 8.5% !!!!!!!!

What a shocking news !!!!!!!!!!!

Malaysia 's annual inflation has soared to 25 years high i.e. 8.5% in July, no thanks to BN stupid policies of drastic petrol and electricity hike in June 08.

Again, this has proved that stupid BN government has failed people with a poor measurement and the damage is already done. Inflation will easily hit 10% and some drastic measures need to be taken immediately to tackle this woes. A meager 15 sen cut in petrol price will not help people at all.

Look around, rakyat have been struggling to make ends meet, consumer spending was hurt and businesses has been sluggish .

Just ask yourself a simple question. Are you a happy Malaysian under current administration now or do you want to see a change?

If yes, please do something now......

You people have a power to change to country

Permatang pauh voters, it's all start from you............

22-08-2008: July inflation surges 8.5%, fuel prices cut

KUALA LUMPUR: Malaysian's annual inflation soared to 8.5% in July, way above analyst forecasts for 7.8% in a Reuters poll, and sharply up from 7.7% in June.

The July data was the steepest rise since 8.5% in December 1981 and the government also on Friday announced that the price of petrol will be cut to RM2.50 per litre from RM2.70 effective Aug 23, a move which will dampen inflation.

It was unpopular petrol price hikes in June and electricity price rises in July that catapulted inflation from 3.8% in May.

The cuts in fuel prices were brought forward from Sept 1 and will now take effect before a key by-election in which opposition leader Anwar Ibrahim challenges the government.

Despite the surge in inflation, Bank Negara Malaysia, alone in southeast Asia, has kept interest rates unchanged for over two years at 3.5%.

Governor Tan Sri Dr Zeti Akhtar Aziz has said slower economic growth and weakening commodity prices would help reduce price pressures ahead, especially next year.

Bank Negara Malaysia meets again on Monday to decide on rates after it surprised markets in July by leaving rates unchanged.

According to some economists, that decision damaged its credibility and showed it had buckled under government pressure to refrain from a hike at a time when the ruling coalition felt threatened by an opposition alliance which has surged in polls. -- Reuters