Oil only 5KG ?

Inflation is often related supply and demand and it hit us tremendously because the result is often an increase onhigher prices for all the goods that we buy.Although some economist is giving different terms and views to define inflation correctly, we as Malaysian's already feeling the pinch of it. This is even more when it comes to pensioner and daily wage earner, the phenomena is never ending.Let me give one simple example, in the year 1987 , price of Nasi lemak cost only RM0.20 cents ( Trust me) !! which is filled with egg,anchovies,Cucumber and sambals with wrapped banana leaf. But now just in 20 years the cost of the
same nasi lemak with some quality degradation cost RM1.20 . May be in 20 years of now the same nasilemak could cost RM5-6, I'm not surprised !! This had burn many malaysian's pocket. No only that with Oil price increase , per barrel cost almost USD100 !!! Price revolution certainly needed to bring the price under control. Although some measures have been taken but it is just defeat the purpose, because the payroll never increases with acceptable
percentage.
Most paper's featured headline is on Cooking Oil limitation that is affecting all of us, we're limited to 5KG per person. This will bite into many local trader's/restaurant owner's cash liquid, not forgetting Malaysian's favourite tea-break - Goreng Pisang. KFC/McD will also be affected unless their supply is coming different method. It will be the best time to reduce oily & fatty stuff in our daily intake. Although we can reduce the intake but somehow rather some parties will be certainly affected. Largely imported stuffs will also result in higher prices. As the demand exist the price will certainly hikes.
You can use the link below to see some example on Value of money in present era.http://www.westegg.com/inflation/
We must always plan for our future, whichever saving that you're undertaking ensure the returns beats the inflation. Example : Let's say you save RM10000 in Fixed Deposit, which promises you a return of 3.4% after a year, however the inflation for the year is 5%, it defeats the purpose of saving because inflation is higher than your returns. You are actually losing. When the oil price went up in year 2006, the inflations is about 5%, this also results in unemployment
and increasing crime rate.

Good sign…Will it sustain ?

Ringgit hits nine-year high against dollar
March 22 2007
THE ringgit rose to its highest level in nine years against the US dollar yesterday, with dealers saying comments made by Prime Minister Datuk Seri Abdullah Ahmad Badawi helped push the currency to close at RM3.4730/3760 against the greenback.In an interview with Reuters and CNBC, Abdullah said the Government prefers a stronger currency.Dealers said Abdullah’s comment was an indication that the Government would not resort to intervention in the foreign exchange (forex) market just to keep exports competitive.Across Asia yesterday, currencies appreciated against the dollar, which dealers said also declined following reports that the Bank of China would stop amassing forex reserves.Bank Negara Governor Tan Sri Dr Zeti Akhtar Aziz told reporters yesterday that as the economy continues with its present growth trend, appreciation of the currency is expected.
Taken from Btimes.com.my