Wednesday, July 23, 2008

Oh Oh...

Inflation hits 7.7 percent, a 26-year high
Jul 23, 08 5:54pm
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.

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