
As what I expected!
The inflation rate is at 7.7% which is higher than what BNM forecasted before. Even the bankers actually forecast a little bit higher (which is around 6 - 7 %), the actual figure shows the real thing.
Maybe we can assume what will happen to our 2009 budget. Yes, it's a time to tight our stomach, to re-plan back our budget.
Everthing is increasing! The higher cost and price of electricity and fuel will show a lot of cross price elasticity of demand..
This is where the microeconomics is applied!
Comments