A 50-kg bag of cement was priced at Rs 110 in 1998
A bag of cement now costs about Rs 245, a whopping increase of 122% in the last 10 years
If prices of cement keep rising at the same rate, a 50-kg bag may cost Rs 543 in 2018
If you are planning to build a house, re-look at the proportion of your budget allocated to construction costs. They may need to be pushed up quite a bit. Those looking for home renovations that require construction should do fresh calculations too. And not just for cement. Steel prices have been running up as well. Watch this space for more.