A bowl of wan tan mee, with soup and chopped green chilies.
Average price for a wan tan mee is now RM3.80.
2 years back, a friend who started out her wan tan mee stall together with her husband started selling their hand-made noodles at RM2.70.
Almost 40% increment, in 2 years.
Back in 1993, the stalls alongside Lian Seng Garden’s main road, Ah Sau (???) is only selling it for RM1, with almost the same ingredients.
Almost 380% increment in 15 years, about 25% increment every year.
Government continues to tell her people inflation is at 8.5%.
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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.
Comment by Jacques — September 27, 2008 @ 9:22 am
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
Comment by mtsen.com — September 27, 2008 @ 2:43 pm
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 ;-)
Comment by Jacques — September 27, 2008 @ 5:59 pm
Came across one kopitiam in Penang, one Ise Kosong selling at 70 cents, this is no inflation , but explosion….
Comment by eugene — September 29, 2008 @ 1:03 pm
Eugene bro, that's an insane price tag… I wonder if you can actually make a police report, classify it under robbery!
Comment by yowchuan — September 29, 2008 @ 3:39 pm
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 :))
Comment by outoftrack — September 30, 2008 @ 12:19 pm