Malaysia: Cost of living surges

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ringgitCost for food, electricity and transport is rising fast in Malaysia, with some items and services becoming as much as 50 per cent more expensive.

As for food, the surge has been triggered after the government cut subsidies on sugar which is used in many local dishes. At the same time, Malaysia also relies on food imports which has made keeping prices in check difficult.

Petrol has become more expensive after the government cut subsidies by 20 sen (6 cents) a liter and on diesel by 20 to 80 sen a liter in September 2013.

Furthermore, LRT and Monorail fares are expected to go up in 2014 to compensate higher electricity prices which are slated to rise per January 1, 2014. KTM Berhad (Malayia’s railway operator) and Express Rail Link Sdn Bhd tickets are also expected to become more expensive.

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Reading Time: 1 minute

Cost for food, electricity and transport is rising fast in Malaysia, with some items and services becoming as much as 50 per cent more expensive.

Reading Time: 1 minute

ringgitCost for food, electricity and transport is rising fast in Malaysia, with some items and services becoming as much as 50 per cent more expensive.

As for food, the surge has been triggered after the government cut subsidies on sugar which is used in many local dishes. At the same time, Malaysia also relies on food imports which has made keeping prices in check difficult.

Petrol has become more expensive after the government cut subsidies by 20 sen (6 cents) a liter and on diesel by 20 to 80 sen a liter in September 2013.

Furthermore, LRT and Monorail fares are expected to go up in 2014 to compensate higher electricity prices which are slated to rise per January 1, 2014. KTM Berhad (Malayia’s railway operator) and Express Rail Link Sdn Bhd tickets are also expected to become more expensive.

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