
The person in charge of the decoration of Australia and China revealed that although the national economic situation has a great influence on the entire decoration industry, since last year, raw materials and labor costs have risen sharply. Upgrading of renovation costs is an inevitable trend. He revealed that last year, the average increase in labor costs was as high as 50%, and the cement worker's wages rose from 200 yuan to 300 yuan a day.
A packaging company designer told us that last year, the prices of raw materials such as paints and plates rose by about 10% year-on-year, while those of cement, sand, and coatings also increased by about 10% year-on-year. Even if there is no new regulation, the annual price increase of 10%-15% has become a practice in the home improvement industry.
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