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i) Discuss the effects of inflation on consumers in the country.
One should wonder how the average wage earner is going to survive in the city with the arbitrary hikes in food prices, not only in Kuala Lumpur but word has it that food prices are generally 20 to 30% higher over in East Malaysia. Hawkers and restaurants seem to raise their prices, usually citing the oil hikes and its gravy train effect on every thing from higher transportation costs, higher labour costs, profiteering and essential goods hoarding.
It is unfortunate that there are some quarters that are really profiteering and taking advantage of a tight situation. Even street hawker fares are not cheap nowadays, something that Malaysia used to pride itself for its variety and cheap but good food around the clock.
However, if prices continue to go up the way it does, Malaysians will end up following in Europe’s footsteps where hardly one can find a 24-hours operating diner and served to order. Here in the......
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Title: Effects Of Inflation On Consumers
Approximate Word Count: 895
Approximate Pages: 4 (250 words per double-spaced page)
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