Factors Of Rising Cost Of Living In Malaysia Pdf

Currently we are experiencing stagnant wages.

Factors of rising cost of living in malaysia pdf. To calculate each city s price index value we start by assigning a value of 100 to a central reference city that happens to be prague. Union yes by andrew lo everyone including me has been complaining about the ever increasing cost of living. The increase in wages cannot catch up with the rising cost of living and inflation. However the official inflation rate cpi has only ranged from 2 to 3 5 a year in.

This paper looks at the causes of increasing cost of living by studying two 2 main factors. Not enough high income jobs are being created for our graduates and there is even a drop in the number of available jobs. Once the reference point has been established the price index value of every other city in the database is calculated by comparing their cost of living to the cost of living in prague. Firstly the slow growth in income as compared to inflation and secondly the unproportional increase.

We take a look at some of the possible factors that are contributing to the financial woes of the average malaysian. Published 24 dec 2019 5 37 am. We also look at prices of certain food items which have come down in june 2019 compared to may 2018 a month before the goods and services tax was abolished last year. Rising prices and living beyond one s means have left household reserves depleted with hardly any savings each month.

Both panelists surmised that malaysia needs a more progressive tax system. Recently through the 13 th malaysia election most mala ysian was hoping for lower cost of living where the issue was manifested by some election ca ndidates. The cost of living on the other hand refers to the amount of expenditure on goods and services incurred by households including their financial obligations to maintain a certain standard of living2. Dissecting the rising cost of living in malaysia.