To put your calculation in perspective With an annualised inflation of 8.5% over the past 15 years, your RM1 Wan Tan Mee would now cost RM3.13 Unfortunately, the power of compounding also work for inflation...
I agree with you that inflation in Malaysia is badly calculated. And it most certainly is a two figure one. But calculating inflation is a very hard and imperfect process. For a higher priced bowl of Wan Tan Mee, we enjoy much cheaper laptops, internet, calling rates etc.
The problem here is that BNM is not free enough. Too much political interference.
mtsen.com
· 1 year ago
although I agree with you ... err .... but wan ton mee is not halal woh .... so not part of the infation index .. kee kee kee ....
Jac, r u sure laptops, internet and calling rates are cheaper than china, australia and hong kong ? :p
Jacques
· 1 year ago
I don't know whether laptops, internet and calling rates are cheaper in Malaysian than in China or Hk. What I'm sure of is that they are much cheaper than 10 years ago ;-)
eugene
· 1 year ago
Came across one kopitiam in Penang, one Ise Kosong selling at 70 cents, this is no inflation , but explosion....
yowchuan
· 1 year ago
Eugene bro, that's an insane price tag... I wonder if you can actually make a police report, classify it under robbery!
outoftrack
· 1 year ago
IDD calls in HK are MUCH cheaper now than 10yrs ago thats for sure! With many competitors coming in and all. It was HK$2 to call to Msia but now i can get easily Hk$.2 or lower periodically.
Good to read this wan-ton-mee-MY-index. Im still catching up with my Big Mac Index to try to follow the world trend :))
All Comments
With an annualised inflation of 8.5% over the past 15 years, your RM1 Wan Tan Mee would now cost RM3.13
Unfortunately, the power of compounding also work for inflation...
I agree with you that inflation in Malaysia is badly calculated. And it most certainly is a two figure one. But calculating inflation is a very hard and imperfect process. For a higher priced bowl of Wan Tan Mee, we enjoy much cheaper laptops, internet, calling rates etc.
The problem here is that BNM is not free enough. Too much political interference.
Jac, r u sure laptops, internet and calling rates are cheaper than china, australia and hong kong ? :p
Good to read this wan-ton-mee-MY-index. Im still catching up with my Big Mac Index to try to follow the world trend :))