July: Malaysia inflation rate highest in 27 years

July inflation rate surged 8.5% on-year fastest in nearly 27 years. Due to higher food, fuel and electricity cost. Reported by STARBIZ 23 July 2008.

8.5% - 3.7% (FD rate) = 4.8%
That mean, Value of our money, - 4.8%

The July inflation figure, the highest since December 1981, came on the day the Government announced (Rumors: because of Permatang Pauh election) a cut in the petrol price to RM2.55 a litre from RM2.70 before.