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New indicators to measure cost of living standards being developed: Anwar | Scoop
Prime Minister Datuk Seri Anwar Ibrahim chaired yesterday’s cost of living council meeting at the Parliament building, discussing issues such as the price and availability of rice in the country. – Anwar Ibrahim Facebook pic, March 20, 2024
News

New indicators to measure cost of living standards being developed: Anwar

PM says new indicators will help the government draft more accurate and effective programmes

Bernama
Updated
8:35 AM MYT

 

KUALA LUMPUR – The National Action Council on Cost of Living (Naccol) agreed yesterday to allow the Department of Statistics Malaysia (DOSM) to develop new indicators to measure the cost of living standards down to the district level.

Prime Minister Datuk Seri Anwar Ibrahim, who chaired yesterday’s meeting held at the Parliament building, said the new indicators would assist the government to draft a more accurate and effective programme implementation.

He added that Naccol also discussed several matters related to cost of living in detail, especially prices and the availability of rice in the country.

“Several short-term mechanisms have been identified and will be implemented soon,” he posted on Facebook, adding that he had stressed the need for continuous enforcement to ensure no one would take advantage of the enlargement of scope and the change in service tax rates implemented on selected services.

“The Domestic Trade and Cost of Living Ministry has conducted several special checks under Ops Kesan from March 1 to ensure businesses do not raise prices indiscriminately,” he added. – March 20, 2024

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