Inflation is a hurdle for festive shoppers this year, says Malaysia Retailers Association president

PETALING JAYA: Faced with rising inflation, Malaysian shoppers are tightening their belts and focusing on essential purchases like food and groceries, says Datuk Andrew Lim, president of the Malaysia Retailers Association (MRA).

Lim highlighted that disposable income for discretionary items such as clothing and footwear has diminished due to the increased cost of necessities. Global inflation has reduced shoppers' purchasing power, impacting the retail sector.