Although they are being hit in the pocket by higher food costs, many Malaysians mistakenly believe they are being prudent. theSun theSundaily prudent food costly eatingout expenditure
Uncontrolled spending will exacerbate the effects of the increasing costs of living./Masry Che Ani/SunPixMalaysians need to change their eating habits or reign it in to tackle the ever-increasing cost of living as inflation will continue to hurt their pockets, said University Tun Abdul Razak economist Dr Barjoyai Bardai.
“They don’t realise the cost of the food is three times higher than cooking at home. Although they are being hit in the pocket by higher food costs, many Malaysians mistakenly believe they are being prudent.” “People want to feel they have the means to live a slightly luxurious life but they have not considered the cost of credit. Eating exotic food is also becoming a phenomenon here because no one thinks about what it costs.
According to the Statistics Department, inflation for food at home has fallen from 6.4% in July to 5.8% in November. But for food away from home, inflation arose from 7.8% to 9.6% in the same period. “The public cannot be blamed for choosing to eat out. The price of everything is going up because in total, Malaysia is an import nation, not a producing one.
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