Economist: Rising cost of living offsets household income increasePETALING JAYA: The increase in the Malaysian household monthly income may not necessarily reflect improved private consumption among Malaysians, largely due to the rising cost of living. An economist told StarBiz that he remains neutral on the latest household income figures as there was no significant improvement in domestic private consumption albeit the increase in household income. “While households’ median monthly income in Malaysia further improved last year, this does not reflect a much stronger private consumption among the households. This is mainly due to the rising cost of living, which has offset the benefits from the rise in household income. “Private consumption among locals has not gone up much in line with the said increment in household income.

Source: The Star October 09, 2017 20:03 UTC