Storing compressed json data in local storage

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I want to store JSON data in local storage. Sometimes data stored could be more than 5MB(max threshold allowed by browsers for each domain). Is there anyway i can compress or zip the data and store it in local storage ? How much latency it will add if compression and decompression for every JS function on large data ?

I am using this json data to display on webpage..... It is like a static data which is mostly same for entire session. we provide actions like search, filter etc on this json data...Whenever user enters a keyword, i search in this json data which is stored in local storage instead of making call to server

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