Malaysians spend the most on food

Aug 1, 2016
Malaysians jsut love to eat.
Malaysians jsut love to eat.

Malaysians are good eaters or just love to spend time dining outside.

A federal government study found that Malaysians spent 31.2% of their disposable income on food and food away from home.

They also spend 23.9% on petrol, housing and utilities; and 14.6% on transport.

In revealing this, Finance Minister II Johari Abdul Ghani said two key aspects that needed to be examined closely to address the rising cost of living.

One is prices of essential goods and services, and the other income.

As a people-centric administration, he said the government was committed to addressing the issue in a holistic manner to enhance the wellbeing of Malaysians.

He said the ever changing lifestyle of Malaysians had made even cars, phones, computers and internet as essential items today.

“With the increase in the general price level, it is argued that the B40s and M40s are finding it difficult to sustain their standard of living.”

Source: NST