As many feared during the run up to GE13, the cost of living has been noticeably creeping up since the polls.
Some of the recent increases include:
The tariffs for overseas air mail postage for packages were raised in May following the privatisation of Pos Malaysia.
Taxi fares could rise soon.
The price of chicken has soared in recent weeks, even touching RM9/kg. (See a CAP statement here.) The ex-farm price is supposed to be RM5/kg but a trader told me this has inched up closer to RM6. One of the main costs of raising chickens is the cost of the feed, the ingredients of which include maize and soyabean. But paradoxically, the global prices of both these commodities are lower than they were last year.
So why has the chicken price gone up?
As expected, TNB tariff hikes, which had been deferred in the run up to GE13, could be upon us before long. TNB will “implement the Fuel Cost Pass Trough (FCPT) mechanism next year and it might increase electricity tariffs by more than 50%“. Are the independent power producers (IPPs) still making money at TNB’s expense?
Express bus fares could go up by 10 per cent.
More AES traffic cameras will be installed.
Meanwhile, the corporate sector is pushing and pressuring for GST to be implemented as companies and wealthy individuals stand to benefit from lower corporate and personal tax rates that would follow the introduction of GST. Effectively the tax burden would be passed to the general public. Actually, GST may not even have been necessary if the government had been more prudent in its spending and corruption was not so rampant.
And as we all know, property prices have soared.
All these sectors are expected to benefit from price hikes, but it is the ordinary Malaysian worker who bears the burden.
Did I miss out anything else? Health care? Education? Groceries?