"By then, it was already more than 30% more expensive," says Quezada, a biotechnologist at the Catholic University of the Most Immaculate Conception in Concepción, Chile. "That rise in cost has made me more cautious on what I spend money on."
Over the past two years, he says, the cost of the various chemicals he uses for his work with magnetic materials has increased by 13%, whereas the price of plastic weighing pans has increased by 67%."
In Singapore, the prices of most research-related consumables and equipment increased by 10-20% from 2020 to 2023, says Nisanthra, a laboratory manager at Life Science Incubator, an organization in the city-state that offers co-working lab spaces. Parafilm and helium became especially expensive, she adds, rising in price by 50% owing to a global shortage.
According to Enora Bennetot Pruvot, policy director at the European University Association, an organization in Brussels that represents more than 800 higher education institutions across 48 countries, the trend is very concerning as it hampers research and innovation.
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