Inflation is up 3.6%!

Inflation rates since July:
July: 2.6%
August: 2.9%
September: 2.7%
October: 3.6%

Why September inflation is lesser? I dare say it's because of the hungry ghost's festival. That means average inflation should hit above or at 2% this year. This is despite a very low inflation figure for the first 7 months! What happens if you calculate inflation from July onwards?? I leave it to you to do the calculation.

The news said that the average inflation is 1.6% for the first 10 months. I believe that they round down. It's closer to 1.7% than 1.6%!

Inflation is going to be worse come 1st half of 2008. China and India are still consuming resources at a very rapid pace. Next area where economic expansion will become more rapid will be Middle East (Dubai, Qatar), and Africa.

Whoever said that inflation here will be average 1.5% this year is definitely slacking, and didn't do the ground work at all! Of course the most common excuse is that market is dynamic, etc etc. That's a very very bad excuse. The signs are all there for a high inflation. All you need is to take an effort to understand what's happening, and not relying on just only the numbers. It's high time the government start feeling what's like on the ground. Take the public transport like we do, go to the places we go to, and get the salary like we do.

Even in China, they released guidelines for officials to use the public transport. Over here?? We have people heading the public transport who doesn't even take the public transport on a regular basis. In fact, look at the number of cars the civil servants own. When ERP rates raise, the government got a subsidy by giving themselves a raise.

Will prices still continue rising? For some reason, I believe the prices will continue rising all the way to Bejing Olympics 2008. In fact, I'm beginning to worry that there are hints of a stagflation. This is not good at all.