Household consumption, purchasing power decline 16.7 percent in a decade

Malaysia’s Consumer Price Index (CPI) recorded 83.3 percent, a decline of 16.7 percent over a decade, the Department of Statistics Malaysia (DoSM) said.

Chief statistician Mohd Uzir Mahidin said within the 12 main groups, two groups of goods and services registered purchasing power of more than 100.0 percent, namely communication (102.6 percent) and clothing and footwear (107 percent)...