A modest Deepavali for most as inflation bites

Afif Abd Halim

MALAYSIANS celebrating Deepavali are cutting back on expenses as their purchasing power has been reduced by inflation.

Although Malaysia’s inflation rate reportedly dropped to 1.9% in September, the high cost of living – caused by expensive imports, a weak ringgit, and conflicts in the Middle East and Ukraine – burdens locals. – November 9, 2023. 

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