For this post, I will be sharing my thought on the rising cost of living in Malaysia.
I have heard it many times this year. I heard it from my family, my friends, my colleagues, my customers and the media as well.
Goods increased in price. Services increased in price.
A simple breakfast which consists of a bowl of noodles and a hot drink used to cost about RM4 but now in most eateries, it is between RM5 to RM6.
A simple lunch which consists of a plate of nasi campur (rice with vegetable and meat) and a drink used to cost about RM5 is now between RM6 to RM7.
Added up, for breakfast and lunch only, one would need to spend at least RM300 per month. This is for a very basic and simple meal.
It is the same for household and groceries shopping. If last year RM200 is enough for a week of grocery consumption for a family of 4, but now one might need to increase to RM250.
For a car tyre which cost me about RM130 last year, is now RM170. I especially feel a huge price difference when shopping for clothes. Two years ago, I can get a very good quality blouse for RM80. But now, I will need to pay between RM120 to RM150 for a good quality blouse!
Sometimes, I wonder whether there is something wrong with the price tags!
I do really the pinch of rising cost. How about you?
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photo credit: Asian Development Bank via photopin cc
Nice read! Very informative. Did you know that Unilever calls for business 'mindfulness' on consumption.