Urgency to address rising cost of living

(File pic) A family member helping to get groceries at a Giant Hypermarket for the Prihatin Kasih programme’s beneficiaries in the disabled category. — KK SHAM/The Star

SOARING cost of living in this country has become increasingly worrisome among Malaysians.

To sustain an assured standard of living, Malaysians need to have a stable income that, at least, could provide them with enough money to cover their essential expenses like accommodation, health services and public transportation.

What is cost of living? It is the amount of money an individual needs to maintain his or her standard of living. Housing, food, transportation, clothing, taxes, entertainment, equipment, and education costs are just some of the basic expenses included in the cost of living.