Malaysia's inflation rate jumps to a 27-year high of 8.5 percent in August driven by escalating cost of food and fuel.
Cost of food & non-alcoholic drinks rose to 11.7 percent! Transport rose to 21.8% while restaurants and hotels - 6.5%! Inflation is expected to rise further although the government cut petrol & diesel prices by a mere 10 sen.
The effects of the June fuel hike of a whopping 41% brought cost of food, transportation and other items to skyrocket which would seem to be irreversible. Anyway, the harm was done, no thanks to the PM.