Jacksonville's WJXT Reports on Families "Cutting Back on Extras Just to Cover the Basics"

Jacksonville's WJXT reports on families "cutting back on extras just to cover the basics"

This post is part of a series chronicling news coverage of rising prices in the United States. See more here.

Rising costs compel families to cut back

Malawi’s rising cost of living is beginning to shift households spending patterns, with consumers cutting back on perceived luxuries while prioritising basic needs, Business News analysis has established. The Centre for Social Concern (CfSC) Basic Needs Basket for an average urban family of six now exceeds K1.1 million per month, which is well above the earnings of most households and the minimum wage. Fixed incomes and rising expenses have left…