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Subscribe in a reader | Subscribe to poobalan.com by Email You can say that I’m one of citizens directly impacted by the prike hike due to fuel price increase. Renovation, material and electrical/house items prices increased by 20-30% after July 5th. The Star reports that:
A house that cost RM100,000 to build will now cost about RM130,000 with the prices of all types of building materials up by 15% to 30% across the board.
Steel Bars: Now RM4,100 per tonne compared to RM3,500 in June.
Cement: Now RM13.45 a bag compared to RM10.95 last month.
Bricks: RM0.245 each compared to RM0.22 previously.
Ready mix concrete: RM190 per cubic metre compared to RM160 last month.
Copper: RM28,275 per tonne now compared to RM3900 three years ago.
Prices of other building materials such as sand have also gone up by 25%, quarry products by 30% and tiles by 22%.
As for me, costs for renovation and buying equipments/items increased about 20-30%. Bankrupt la 🙁
Not only that, from my experience in the last two weeks (bargain hunting), there’s fear among the shop owners (mainly Chinese) that people won’t spend more freely. They are repeating the mantra “book now, price will increase soon”. This creates a fear in consumers to buy in bulk or make deposits to secure current prices.
Prices that affected include:
- Tiles
- Installation for air-cond units
- sinks
- biscuits
- processed poultry items
- ice cream
- KFC
- cooking oil (corn)
- eating out at indian restaurants
