What about Inflation?

Taken from TheStar.
Guan Eng: Petrol prices should be slashed more

PETALING JAYA: DAP secretary-general Lim Guan Eng called on Finance Minister Datuk Seri Najib Tun Razak to slash petrol prices to RM1.52 per litre as the international oil price was now below US$50 per barrel.

“This was the price charged at pumps when oil prices were below US$50 per barrel in 2005,” Lim said in a statement on Sunday.

“It is only appropriate, fair and responsible that the Government reduce the price to RM1.52 now instead of waiting for two more weeks,” he said, adding that the reduction would help restore investor and public confidence.

“Instead of paying subsidies, the Government would also save more than RM10bil if prices remained stable,” Lim claimed.

He added that the failure to reduce prices would only raise eyebrows on why prices were increased quickly while lowering prices seemed more difficult.

Domestic Trade and Consumer Affairs Minister Datuk Shahrir Samad said on Saturday that fuel prices may drop another 15sen by the end of the month following the decline in global oil prices.
Well said YB Lim, we would totally agree with you on the investor type of relation ship and how this could help our economy. BUT the question is "How is this going to benefit the RAKYAT?" Bringing in more investor would not reduce the issue of inflation. As we all know inflation is the biggest problems in developed country such as Hong Kong and Japan but why it does not really affect European county that badly? Inflation is triggered by the sudden fuel price spike, that s common knowledge. But now that the fuel have gone down following the world trend, have the food and other daily necessity's price gone down too? What is so GREAT that a FEW mega store cut some of the prices? Char kuey tiow is only RM2.30 per plate before the fuel spike (Petrol is RM 1.92), it went up till RM3.00 per plate when the petrol is RM2.70. Now that the petrol has gone down to RM 2.00 per liter, why does the Char Kuey Tiow is still RM3.00 per plate? Reason is simple, why should the traders or hawkers reduce the price? Who is the competition when everyone already raise their price and refuse to go down? What role does EACH state GOV can do to help? Can this be debated in Parliment? Discussion on this is a better choice of debate then all the other stupid "TALK COCK" that we read in the newspaper! How shameful would this be when it was shown on the internet??