POPO: What lies (see news item below). With GST prices berlipat-lipat increase due for the multiple tiers.
Without GST, prices should have berlipat-lipat decrease too.
Inflation should have been negative – not positive. Positive means barang naik.
The report is obviously fake news.
KUALA LUMPUR: Food & non-alcoholic beverages recorded a 3.5% increase in Kuala Lumpur in July, far exceeding all the states, according to the Statistics Department.
The other state which recorded higher than the national index of 0.7% was Sarawak at 0.9%.
The inflation rate, as measured by the Consumer Price Index (CPI), rose 0.9% in July 2018 from a year ago, which was in line with a Bloomberg forecast.
The CPI for July rose to 119.8 from 118.7 a year ago due to a 6.7% rise in the transport index. The index for housing, water, electricity, gas & other fuels climbed 2% and education 1%.
Source: The Star Online