The rising cost of living

by | Feb 1, 2023 | NATIONAL, NEWS, Opinions | 0 comments


So often nowadays on social media Malaysians hear the anguished, agonizing cry of how the prices of goods and services are ever increasing especially after every Chinese New Year when there are price hikes.

Manufacturers, wholesalers and retailers and service providers all routinely increase their cost or prices and it doesn’t matter to them as they don’t care a tuppence what people think with their take it or leave it attitude.

Adding insult to injury and having to swallow the bitter pill, Malaysians, with the exception of civil servants, hardly see any increase in their incomes and this has made bread-and-butter issues a much discussed and hotly debated topic.

While there is an ongoing global recession, inflationary trends are being highlighted in most countries around the globe including Malaysia, and it has turned out to be a bad omen for Malaysians who feel action needs to be taken.

Malaysians want economic and financial experts to work out the equation to make life more comfortable for them so they do not have to rush from pillar to post to keep up with price increases every now and then.

The rakyat want mechanisms put in place like price controls, subsidies and other forms of economic measures to be able to cope with the rising cost of living which has started to diminish the quality of the Malaysian way of life once enjoyed.


** The views expressed on this opinion is of the writer and not the publisher