Tuesday, February 1, 2011

Inflation fears - PLUG NUMBER 1


Both NST and Malaysian Insider shows this:-



I understand that the prices of raw food commodities (there goes my banana leaf rice budget) and oil are now increasing - some by 20% for the last 6 months alone re Paul Krugman (Nobel prize winner for New Economics).

Marketing wise, does this show that the 'powers-that-be' are hinting that inflation is to be expected especially after the sudden increase of RON 97 to RM 2.50/liter post-Tenang? Are they preparing us mentally to be hit in the most sensitive location for all men and women : our pocketbooks?

A good friend remarked that after every by-election win, the prices of cooking gas, RON 97, sugar, evaporated milk, etc. seemingly rise almost the very next day.

My shameless commercial plug? Buy some commodity related unit-trusts frens!

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