In a survey conducted by Rakuten Insight in March 2023, 43 percent of the respondents in Malaysia have reduced their household spending due to inflation. In comparison, 28 percent of the respondents in China have reduced their household spending due to inflation as of March 2023.
Share of consumers who have reduced household spending due to inflation in Asia as of March 2023, by country or territory
Characteristic
Share of respondents
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Survey question: "Have you noticed a change in your consumption habits due to inflation?"
Number of respondents:
China - 5,010;
Hong Kong - 3,058;
Indonesia - 11,595;
India - 25,547;
Japan - 1,318;
South Korea - 6,867;
Malaysia - 10,284;
the Philippines - 11,317;
Singapore - 6,399;
Thailand - 13,174;
Taiwan - 11,324;
and Vietnam - 2,660.
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Rakuten Insight. (April 12, 2023). Share of consumers who have reduced household spending due to inflation in Asia as of March 2023, by country or territory [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1380547/asia-households-reducing-spending-due-to-inflation-by-country/
Rakuten Insight. "Share of consumers who have reduced household spending due to inflation in Asia as of March 2023, by country or territory." Chart. April 12, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1380547/asia-households-reducing-spending-due-to-inflation-by-country/
Rakuten Insight. (2023). Share of consumers who have reduced household spending due to inflation in Asia as of March 2023, by country or territory. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1380547/asia-households-reducing-spending-due-to-inflation-by-country/
Rakuten Insight. "Share of Consumers Who Have Reduced Household Spending Due to Inflation in Asia as of March 2023, by Country or Territory." Statista, Statista Inc., 12 Apr 2023, https://www.statista.com/statistics/1380547/asia-households-reducing-spending-due-to-inflation-by-country/
Rakuten Insight, Share of consumers who have reduced household spending due to inflation in Asia as of March 2023, by country or territory Statista, https://www.statista.com/statistics/1380547/asia-households-reducing-spending-due-to-inflation-by-country/ (last visited July 22, 2024)
Share of consumers who have reduced household spending due to inflation in Asia as of March 2023, by country or territory [Graph], Rakuten Insight, April 12, 2023. [Online]. Available: https://www.statista.com/statistics/1380547/asia-households-reducing-spending-due-to-inflation-by-country/