Produced by REFSA
Malaysia’s overall inflation rate stood at 3.4% as of June 2022, well below the global G20 average of 13.9%. But on the ground, many Malaysians are feeling the pinch. So why does it feel like there is a mismatch between official inflation rates and the perceived rise in the cost of living?
Read on for a condensed version of our researcher Jaideep Singh’s breakdown on what inflation means, how it is measured, and what we can do about it.