Inflation and us: From the Laymen Perspective

For laymen, they do not understand what inflation is and why it is so significant to our lives. So what actually inflation?

Inflation in simple term is a decline in the purchasing power of our money. In short, price of goods so that means, u can buy less things with money u have now than before. For instance, i pay my lunch for rm6 (a plate of rice+a spoon of cury beef+ice lemon tea)today where i paid rm4.50 for the same items i had last month.

let me take some facts from utusan ;..: inflation rose to 165,000% in zimbabwe and 14.4.% in Egypt. Yes, to that extent. Malaysia? the PEOPLE said it's around 3-4%,still manageable katanya..walaupun..

the cause? easy..the high oil price leads to increase in daily goods; almost everything. with usd200per barrel (almost),we can see why people are getting depressed now. everyone feels bad when the income remains same but the cost of life shooting up like nobody cares..

going forward, i dun have any expectation for oil price to decline. remain? hmmmmmmmmmmmmmmmmmm......