Current CPI compromises movement of wages

IN July last year, Datuk Seri Anwar Ibrahim was quoted as saying: “The Consumer Price Index (CPI) is not perfect. Current times call for changes” during Prime Minister’s Question Time in Parliament.

He was also quoted as saying the government was developing a Cost Of Living Index that would include more categories in the basket of items measured, “New Cost of Living Index to offer more accurate data” (The Star, July 3, 2024).