Inflation this year, GST near year
I went to repair my puncture car tire this morning. The mechanic pulls out a nail out of it and repairs it for me. All settled in just 10 minutes. And I took out a RM 5 note from my wallet and pass to him. Then he told it is RM 6. RM 1 sound like not a big amount, but in term of percentage, it is 20% increased.
Then I went to my usual breakfast place at a coffee shop and ordering my favorite noodle and iced tea. The priced also increased, the noodle used to be RM 4.50 and now it is RM 4.80, iced tea is now RM 2.
Another year to go, 2015 and we will have to pay GST is most of the items and services we purchase. 6%, so the service to repair puncture tire will be RM 6 + 6% which come to RM 6.36
Is it also means minimum inflation rate for the year 2015 will be at least 6%? This has not factored in yearly inflation rate yet. OMG!