Overview

The Unit Price Index of Building Materials

• The unit price index of plywood recorded an increase of 1.6 per cent for almost all areas in Peninsular Malaysia, Sabah and Sarawak. Apart from that, the unit price index of aggregates recorded an increase between 0.2 per cent to 1.7 per cent for almost all areas in May 2024 as compared to the previous month. The highest increase was in Perak (1.7%), followed by Pulau Pinang, Kedah & Perlis (0.8%) and Selangor, W.P. Kuala Lumpur, Melaka & Negeri Sembilan (0.2%).
• The monthly comparison of steel showed that the unit price index remained unchanged for almost all areas in Peninsular Malaysia, Sabah and Sarawak. There was a slight increase in price index of steel in Kuching (1.0%) and Kota Kinabalu (0.2%). Meanwhile, the unit  price index of these materials recorded a slight decrease in Pulau Pinang, Kedah & Perlis (-0.1%) and Tawau (-0.2%).
• The monthly comparison of cement showed that the unit price index remained unchanged for almost all areas in Peninsular Malaysia, Sabah and Sarawak in May 2024. However, there was a slight increase for these materials price index in Terengganu & Kelantan (0.5%) and Perak (0.4%).
• An annual comparison for the period of May 2023 and May 2024 showed that the unit price index of cement increased between 0.4 per cent to 3.0 per cent for all areas in Peninsular Malaysia, Sabah and Sarawak. The highest increase was in Pulau Pinang, Kedah & Perlis (3.0%), followed by Selangor, W.P. Kuala Lumpur, Melaka & Negeri Sembilan (2.6%) and Terengganu & Kelantan (2.4%). 

Average Price of Selected Building Materials

• The average price per unit of steel, consisting of mild steel round bars and Mycon 60 high tensile deformed bars recorded a slight increase (0.7%) with an average price of RM3,730.46 per metric tonne as compared to the previous month (April 2024: RM3,702.88 per metric tonne).
• The average price of cement (Ordinary Portland) recorded a slight increase (0.1%) with an average price of RM23.04 per 50 kg bag as compared to April 2024 (RM23.01 per 50 kg bag).

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