Monday, June 14, 2010

Do you proud of 5% increment?

Fomca: Prices of essential goods up at 5% per year


PETALING JAYA: Prices of essential goods are still rising at a rate of 5% annually, according to Fomca’s consumer research and resource centre.
“Generally, prices of goods fluctuate in the short term but increases annually at an average rate of 5%,” said the centre’s chief executive officer, Datuk Paul Selva Raj.
Until March, consumer prices continued its upward trend, led by increases in food prices and utility bills.
 Read more here

Above are some of the few lines on today's headline. Essential goods going to be up by 5%. Relate to the topic of this post, do you think it is good enough to have 5% increment when the inflation rate and the purchasing power of your ringgit value is still the same. In other words, you gain nothing in value, except the numbers.

Now, if companies still didn't revise their salary pattern, especially starting salary, the budget might as well become negative, and AKPK will become the most popular organization receiving phone calls.

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