Inflation for April 2009, rises 3% compared to April 2009, though it had fallen compared to March's 3.5%. And the items that rise the most: Food and Non-alcoholic drink, which increased by 7.5%, while non-food increased by 0.9%.
So, we can see that even financial crisis can't stop inflation! As long as the demand is there, prices will keep on rising, and the value of your savings in Fixed Income will continue to shrink!
http://www.btimes.com.my/Current_News/BTIMES/articles/20090520171101/Article/index_html
Saturday, May 30, 2009
Inflation in April 2009
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