Another inflation woe

Let’s forget about the talk between PAS and UMNO between the 2 political figures in each camp, you’re not going to fill your stomach with the private discussion.

There is more pressing concerns on hand in the name of bread and butter issues when it’s announced by the Statistics Department that inflation in June 2008 up 7.7% compared with June last year, also 3.9% higher than last month.

The inflation rate accelerated to a 26-year high in June after the government increased fuel prices, spurring speculation the central bank will raise interest rates for the first time since April 2006.

For now, what you can do it to embrace for a possible raise in borrowing cost as early as this week or otherwise, wait for the next inflation announcement to rock your boat.

That’s how the index reacts when PM Abdullah Ahmad Badawi’s administration was trying to be smart in a subtle way of showing off themselves but failed miserably.