Insight - Addressing the rising living cost issue urgently

In a recent discussion on global inflation and its impact on Malaysia chaired by Minister in the Prime Minister’s Department (Economy)Datuk Seri Mustapa Mohamed, the rising inflation and its impact on both businesses as well as the rakyat is a major concern for the government.(File pic)

INFLATION is hitting everyone hard globally, and Malaysians are no exception. From businesses to households and even the government, no one can escape the squeeze from the current spike in inflation.

In recent months, people have had to cough up more than what they spent a few years ago to maintain a similar lifestyle or just to survive. This can be interpreted as a higher cost of living due to the surge in inflation.