The Department of Statistics Malaysia (DOSM) has released its 2023 Cost of Living Indicator (KSH) report in conjunction with its 75th-anniversary celebration. The report introduces the Living Wage Expenditure (PAKW) Index, designed to reflect essential living costs for households. Chief Statistician Datuk Seri Dr. Mohd Uzir Mahidin highlighted that PAKW, initiated in 2018, factors in household spending patterns based on location and demographics like age, gender, and household size. The MyPAKW calculator, available via app stores or mypakw.dosm.gov.my, allows users to estimate essential monthly living costs based on their area, family size, and demographics, supporting more informed financial planning.
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