Methodology

       A survey was compiled to find out about the people’s understanding about inflation. Questionnaires were given out to 30 people from the age of 17 to 55. The survey was conducted at various locations like Taylor’s University Lakeside Campus. The candidates were asked about their understanding of the word “inflation”, how does inflation affect them, their awareness of Malaysia’s inflation rates, their reaction towards an increase in prices of goods and services, the effects of inflation on Malaysia’s economy, and their opinion on the government’s effort to curb inflation. Other than surveys, research about the effects of inflation, Malaysia’s inflation rates etc. were done using the internet and other resources. Reading of online articles, newspapers, and business magazines were also done to understand more about inflation. The methodology is reliable because the survey was done assuming that the candidates represent majority of the citizens and their answers to the questionnaires are truthful. The resources and articles are also assumed to be correct and accurate.