As we mentioned before, we did a survey to collect responses and views from the public on our topic which is "inflation". The respondents for the survey that we carried out ranged
from the age 17 to 65 but they mostly consisted of students.
More than 85%
of them knew what the term “inflation” meant before we conducted the survey. We
answered the questions of respondent’s who didn’t know the topic to the best of
our ability and the survey was conducted normally afterwards. From the
results of all the survey, some of the data that we acquired is that most of
them agreed that their spending will increase whenever an there is a positive
rate of inflation in the country.
Other than
that more than 50% of the respondent believes that inflation has a good effect
on the economy of a country, given that the rate is not too high, while 1/3 of
the respondent disagreed with the statement and the others didn’t give any
comment. On the other hand, we also gathered that majority of the respondent
think that inflation is bad for the people, both consumer and producers.
One last
thing that is worth mentioning is that none of the respondent thinks that the
rate of inflation of Malaysia will decrease or be stagnant in the coming 6
months.
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