KUALA LUMPUR: The Malaysian Institute of Economic Research (MIER) has introduced two new indicators to measure the Malaysian economic and cost of living growth, namely the genuine prosperity indicator (GPI) and cost of living indicator (CLI).
MIER associate fellow Prof Dr Jamal Othman said the indicators will complement the current gross domestic product (GDP), which was not designed to measure true progress, wellbeing or prosperity, and the consumer price index (CPI).
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